iPhone 5 Panic: Apple’s Iconic Device in for October Snub?

Is Apple low on creativity or just looking to scoop up market share among lower-end consumers?

The question is raised now that one analyst says the iPhone maker wont release the iPhone 5 at its upcoming special event, as media outlets have been breathlessly reporting for weeks.

Rather, says Wedge Partners analyst Brian Blair, Apple is going to introduce a redesigned iPhone that wont be dramatically different” from the iPhone 4. He backs up this hypothesis by saying he expects the new phone will run on iOS 5, have a faster processer and a higher-resolution camera, and come with a mere 8GB of memory.

We dont think Apple needs to have three models in the market to address the high end, mid-tier and low end, since the iPhone 4 will drop to $99 and effectively attack those markets.”

Indeed, he mused, Why would Apple bump up only the processor specs of the iPhone 4 in addition to a newly designed iPhone 5 if the goal is to sell it into the pre-paid market at a lower cost?”

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