In order to create a low-cost, entry level iPhone capable of giving Apple a bigger footing in the emerging mobile markets around the world, something's got to give. For the rumored plastic iPhone - the so-called iPhone 5C - the iDevice maker may have to make concessions on Siri.
Piper Jaffray analyst Gene Munster tells investors that he believes the 5C will sell for $300 or less when introduced next month. The iPhone 4S will effectively be retired as the low-end model in Apple's portfolio and replaced by the iPhone 5C.
An odd prediction? Indeed. But Munster suspects Apple will lose Siri as a means to reduce the internal muscle - and cost - of the "plastic iPhone," which appears to be the biggest consideration for Apple on this forthcoming device.
With regard to the iPhone 5S, Munster's expectations differ very little from other analysts.
Munster's expectations for the next-gen iPhone are "minimal." He said he believes the new phone will feature a fingerprint sensor as a way to unlock the screen. But he doesn't think the sensor will allow users to tap into secure mobile payments. Instead, he said he sees such a feature debuting in the next version of iOS in 2014.