I for one don’t take rumors seriously. These two rumors were published on the same day.
Rumor One:
Rumor: Apple cutting iPhone production by 20 percent
From MacNN
Rumor Two:
Reported Foxconn hiring spree could signal ‘iPhone 5S’ mass production
From AppleInsider
UPDATE:
Rumor of Foxconn hiring spurs speculation on next iPhone
From MacNN
So why would Foxconn be hiring lots of workers if Apple was reportedly cutting iPhone orders by 20%?
One explanation:
Apple is cutting order for current iPhone and ramping up production for next iPhone.
Rumors are stupid.
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