Apple Cannot Afford To "Degrade Its Premium Pricing Status" With iPhone 5C

may be developing a lower-cost iPhone, but that does not mean the device will be cheap. New rumors claim that the hugely popular iPhone 4S will

when the iPhone 5S (the unconfirmed name of the next-generation iPhone) and iPhone 5C (the speculated name of the low-cost iPhone) are released. Instead, Apple is believed to be retiring the four-inch iPhone 5 in order to continue selling the 3.5-inch iPhone 4S. ABG Sundal Collier analyst Per Lindberg told Benzinga that the rumor "seems quite plausible." Lindberg also said that he expects the iPhone 5C to retail for twice as much as a comparable device. "I say twice as much as an equivalent phone, similar to the Macintosh," he said. "The Macintosh is probably twice the price of an equivalent PC in terms of the hardware components. I think Apple will probably do the same [with the iPhone 5C]." For comparison purposes, Lindberg pointed to

Lumia 520, which currently retails for $100 to $120. "I think the iPhone 5C -- or whatever they want to call it -- will probably be around 3X [that amount] -- $300 to $400," said Lindberg. "The last thing Apple can afford is to degrade its premium pricing status." Lindberg is not the only analyst who expects Apple to maintain a high price point for its low-cost iPhone. Piper Jaffray's Gene Munster is among the analysts who expect the iPhone 5C to retail for at least $300. At $400, the device would still be cheaper than the second- and third-tier smartphones that Apple currently produces. As of this writing, the company sells the iPhone 5 for $649 without a contract. The iPhone 4S retails for $549, while the iPhone 4 is priced at $450. Thus, Apple can technically refer to the iPhone 5C as a "low-cost" iPhone -- so long as it charges less than $450. Disclosure: