Which of these scenarios do you think is more likely?
A) Apple shocks 6.1" mainstream buyers paying $699 and asks them to pay $999 next year. Or else? Downgrade to a 5.4" display.
B) Apple re-positions their least popular 5.8" model. The new 5.4" iPhone supports Apple's fastest growing wearables category, which will include Apple Glasses. Users are expected to spend less screen time and more "glasses" time.
Let's also think about this globally.
Q: Which market in the world is the largest smartphone market?
A: China
In that market, the 5.8" form factor is completely obsolete. Entry level models with a 6.5" hole punch display
sell for $200. What is the likelihood Apple will frustrate their own efforts in
the largest market by chopping their 6.1" entry model down to 5.4"?
iPhone XR and 11 are Apple's bread and butter. They outsell the 5.8" and 6.5" models by at least 3:1.
For the "iPhone 6.1" Pro" theory to make any sense, Apple would have to willingly deliver shock and awe to $699 mainstream consumers and quite frankly, give up on China along with lower emerging markets like India.