MacRumors reports Gene Munster, Analyst for Piper Jaffray, released a new research note to investors centered on Apple's upcoming product launches for the rest of the year. These included key predictions on the anticipated low-cost iPhone or iPhone 5C.
Related: Apple New iPhone Release Date To Take Place At Media Event Sept. 10?
In Munster's prediction he notes that the iPhone 5C will not come with Siri and the new device will replace the iPhone 4S at the bottom of the iPhone lineup. He also notes that the low-cost iPhone will sell for $300 off-contract.
"In terms of the phone itself, we expect the cheaper phone to have a plastic casing, 4" display, and lower end internal specs (processor, camera, memory, etc.) than the 5S/5 line up. Additionally, we believe that Apple may exclude some software features, such as Siri, which we note was not an option on the iPhone 3GS or iPhone 4 upon launch."
Related: iPhone 5S Release Date Rumors: Apple's New Device To Have Gold Color Option And Home Button Changes [PHOTOS]
The analyst also notes that the iPhone 5S will incorporate the much rumored fingerprint sensor into the home button but the feature would be limited to unlocking the device.
"We expect the iPhone 5S to include a fingerprint sensor with a basic unlocking feature, but do not believe the sensor will be built into iOS 7 enough to introduce a feature like secure payments as we believe that Authentec has only been a part of Apple for less than one year. We believe that payments could be a key feature of the next version of iOS in 2014."
Related: Apple To Unveil New iPhone 5S and iPhone 5SC On September 10
Besides those changes, Munster says Apple will continue with their traditional upgrade pattersn in processor speed and battery life. The new phones will move to an A7 chip while featuring more memory and other spec bumps.
If he's right we should see these announcements September 10 at Apple's supposed media event.
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