Many analysts have voiced their support for a rumored less-pricey iPhone which  they hope will help Apple recover from market share losses in emerging markets, namely China, India, Brazil and Russia - all huge markets for handsets. BTIG's Walter Piecyk goes further, calling Apple "stupid" if it doesn't release said device before year's end.
By his own estimates, Apple could sell about 36.5 million less-pricey iPhones in fiscal 2014 for an additional $11 billion in revenue - and that's after accounting for some inevitable cannibalization of the higher-priced iPhone models...