Apple is rumored to release two new iPhones next month, apart from the next generation iPhone, the company is also expected to unveil its first ever budget or low cost iPhone. Many monikers are being thrown around, this device is widely known as the iPhone 5C or the iPhone Lite. The moniker doesn’t matter that much, what most people are intrigued about are the specifications. It appears that there is a possibility of Apple’s low cost iPhone not having all of the features one can find in a full fledged iPhone, analyst Gene Munster at Piper Jaffray believes that Siri won’t be present on the budget iPhone.

Munster also says that Apple is likely to price this smartphone around $300. He mentions the possibility that instead of offering iPhone 4S free on contract, Apple would replace it with the budget iPhone, which will be sold for a fixed price and won’t require customers to take up a two year contract with a carrier. No concrete reason has been provided as to why Apple would willingly not provide Siri in the budget iPhone, not to mention the fact that the fifth generation iPod touch already offers it. Could this be a move to safeguard consumer interest for the full fledged iPhone, those who want Siri have to dish out a few hundred dollars more? It can’t be said for sure. Hopefully the official details will be unveiled soon, as per recent rumors, Apple might make an iPhone related announcement on September 10th.

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