Before the release of the iPhone 4S, everyone expected a completely inwardly-outwardly redesigned iPhone 5. However, when the latest Apple media event "Let`s Talk iPhone" was held, the iPhone 4S, which had a similar design to the iPhone 4, was announced instead of iPhone 5, it brought major disappointment.

An industry source known to be right when it comes to Apple future products, claims that the iPhone 5 was real at the time and it was scrapped only months before the iPhone 4S was announced.

The industry source said that until three months before the announcement of the iPhone 4S, Apple engineers thought a fully redesigned iPhone will be announced.

A report was issued in October as to why the iPhone 4S was announced instead of iPhone 5.The issue revolved around production and manufacturing problems at the time.

The source says that they played with the iPhone 5 and describes it:

• The source suggests that the iPhone 5 prototype was around 4″ large. They say Apple’s top execs, including Steve Jobs, were not sure about the possible fragmentation a larger screen could cause.
• Al all-aluminum back panel, just as the rumors suggested. Think iPad 2, and you’re thinking right.
• Interestingly, the source says the screen’s color profile was all wrong, suggesting that Apple had crippled it to hide its true prowess. AMOLED, perhaps?
• No physical Home Button. We’d had reports of this before the iPhone 4S launch, too.
• A 10 megapixel camera.

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