iPhone 5 will be a “more radical update,” according to analyst

In a research note obtained by The Mac Observer, the Wall Street analyst speculates on the possible features of the next-generation iPhone.

“From our checks with supply chain and industry sources and consistent with what we had said in early August, we are picking up that the new iPhone will be a more radical update with a sleeker, thinner form factor, and a slightly larger screen,” Wu writes.

He adds: “In addition, it will likely incorporate 4G LTE technology, which would provide a significant boost in wireless network performance. We believe this significant update keeps the iPhone fresh and competitive and helps maintain its leadership position.”

Wu also speculates on the possibility that Apple could actually get a step ahead of companies offering 4G Android technology due to the fact that the Cupertino company is among the latest to acquire 4G LTE.

“In terms of battery life issues and spotty network coverage that plague shipping 4G LTE smart phones today, our supplier sources indicate that AAPL can derive superior performance with its ownership of core intellectual property including systems design, semiconductors, battery chemistry, and software,” Wu writes.

The analyst believes that the iPhone 5 will be launched in late summer or the fall.