ANALYST: Apple Will Kill The iPhone 5 This September

Analyst Mingchi Kuo says in a new note that Apple is going to stop producing the iPhone 5 when it releases new iPhones this year.

Bloomberg summarized the note, saying the iPhone 5C, a cheaper version of the iPhone, will replace the iPhone 5. The 5C, according to Kuo, will sell for $400-$500.

Surprisingly, Kuo says Apple will keep the iPhone 4S.

Traditionally, Apple keeps its last-year iPhone around, and just discounts its price. So, if it were following its historical pattern, it would go: iPhone 5S for $200, iPhone 5 for $100, and iPhone 4S for $0, all of which would be with a 2-year carrier contract.

It makes some sense for Apple to break from this pattern with the iPhone 5C, since it would be weird to have the iPhone 5, and a similar phone spec wise, with the iPhone 5C.

However, keeping the 4S is surprising. It's a different size screen, and it uses Apple's older 30-pin charger. We would have expected Apple to ditch the 4S.

Kuo is generally regarded as having an accurate record on reporting unannounced Apple products.