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Business Insider via CNET is reporting that Steve Jobs was working on the iPhone 5 before he died and that the device was set to be launched next summer.

STORY: Steve Jobs Has Died

Reports the site:

The next-generation iPhone “was the last project that Steve Jobs was intimately involved with from concept to final design. For that reason… this product will establish the high water mark for iPhone volumes,” Ashok Kumar, an analyst at Rodman & Renshaw, wrote in a research note this week. He expects the iPhone 5 to be a ‘cult classic’ because of Jobs’ involvement.

CNET’s source says Jobs wasn’t that involved in the iPhone 4S since it has the same design as the iPhone 4. Instead, Jobs focused on a brand new iPhone with a larger screen and slimmer profile.

This could be the “teardrop” iPhone 5 everyone was expecting Apple to unveil this month! What do you think? 

SOURCE: CNET