iLounge has a mixed record about Apple rumors, but they have been right more times than wrong about upcoming Apple product. The website now reports that the iPhone 5 won’t be teardrop-shaped as was rumored before. However, it will be longer and thinner with a bigger screen. Jeremy Horwitz posted on iLounge:

What we’ve learned: the new iPhone will indeed be longer and thinner than the iPhone 4 and 4S. Approximate measurements are 125mm by 58.5mm by 7.4mm—a 10mm jump in height, nearly 2mm reduction in thickness, and virtually identical width. According to our source, Apple will make one major change to the rear casing, adding a metal panel to the central back of the new iPhone. This panel will be flat, not curved, and metal, not ceramic. Our artist’s rendition (image above) provides a rough idea of what this change will look like; it echoes the current-generation iMac design, to be sure.

Note that the new iPhone is expected to be made partially from Gorilla Glass 2, which can be manufactured thinner with identical strength to the earlier iPhones’ Gorilla Glass, or at the same thickness with greater strength. The change in height will include a lengthening of the prior 3.5” screen to roughly 4” on the diagonal.

Apple will also introduce its new Dock Connector on the new iPhone. The new port will be a little larger than the bottom speaker or microphone hole on the iPhone 4/4S. It’s believed to have fewer pins than the prior 30-pin Dock Connector, perhaps only 16, and the shape of the hole is apparently closer to a pill shape than the prior rounded rectangle.