iPhone 5 with new design possibly pictured in Apple’s latest Photo Stream beta

Earlier reports of a redesigned iPhone 5 with a larger display and an elongated home button gained momentum on Wednesday when a new iPhone icon was discovered by 9to5 Mac. The icon was found within official Apple software — the latest Photo Stream beta for developers — and it clearly shows a phone that deviates sharply from the current iPhone 4. The display appears to encompass more of the phones face and the home button is most certainly not round, as it has been on each of the previous four iPhone models. This is just an icon we’re looking at, of course, but it could be a safe bet that Apple’s forthcoming fifth-generation iPhone will resemble the design seen above. A closeup of the iPhone 5 icon follows below.

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