Steve Jobs' last big project was not iPhone 4S, but iPhone 5, according to a news report. According to the CNet report based on a research note made by Rodman & Renshaw analyst Ashok Kumar, 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." In the note, Kumar claims that the phone will have a slimmer profile and larger screen size but will have the same dimensions as iPhone 4S. The iPhone 5 is also expected to have LTE, or Long Term Evolution, commonly referred to as 4G. (Read: iPhone 4S: Apple sells 4m devices in 3 days) The analyst anticipates that iPhone 5 should debut during Apple's Developers Conference in summer of 2012. Quoting another source, the report says that iPhone 5 is a "complete redesign" which people worldwide were eagerly waiting for. Jobs is said to be not that involved in the Apple 4S because he knew "his time was limited." Apple's stock fell as much as almost 5% at one stage, as Apple CEO Tim Cook unveiled iPhone 4S. Apple's newest iPhone failed to wow several of Wall Street analysts and Apple fans.