Another Analyst Predicts Radically Redesigned iPhone 5

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Another analyst is predicting that the iPhone 5 will be a radical redesign of Apple's popular smartphone.

Sterne Agee analyst Shaw Wu wrote a note to clients today saying the iPhone 5 is a more important product launch the iPad 3 or even the rumored iTV, reports BGR.

"[The iPhone] is arguably the single most important of AAPL's businesses representing 44% of revenue in FY11 and what we estimate to be at least 60% of profits," Wu wrote on Wednesday. "It also has the largest unit opportunity with a yearly TAM (total addressable market) of 1.5 billion mobile phones."

Wu cites anonymous sources from Apple's supply chain to claim that the iPhone 5 will feature a "radical" redesign with a thinner case, sleeker form factor, slightly larger display, and LTE compatibility.

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