Refreshed internals, lower price point possible.
Steve Jobs 'Worked Closely' on Design of Next-Generation iPhone with Larger Display
Apple, based in Cupertino, California, has placed orders from suppliers in Asia for screens that are bigger than the 3.5- inch size now on the smartphone, said one of the people, who asked not to be identified because the plans aren’t public. Apple co-founder Steve Jobs had worked closely on the redesigned phone before his death in October, one person said. [...]Bloomberg becomes the third major publication to offer an independent report this week regarding a larger display for the next iPhone, following The Wall Street Journal and Reuters yesterday.
Apple has been working on the new device since before the current iPhone 4S model was introduced last October, said one person with knowledge of the project. Jobs, who had gone on medical leave from Apple starting last January, played a key role in developing the phone, this person said.