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The iPhone 5C may be Siri-less and could replace the iPhone 4S at the low end of Apple's lineup, says Piper Jaffray analyst Gene Munster.

Buyers of Apple's much-rumored, low-cost iPhone might not be able to chat with Siri.

Reportedly named the 5C, the cheaper iPhone may jettison certain features, such as Siri, forecasts analyst Gene Munster stated in an investors note released Monday night. Unveiled in 2011, Apple's voice assistant doesn't support prior phones, such as the iPhone 4 and 3GS.

Munster said he believes the 5C will sell for $300 on average and roll out in September. As such, he said it would make sense for Apple to retire the iPhone 4S and position the iPhone 5C as the low-end model in Apple's portfolio.

And what of the iPhone 5S?

Munster's expectations for the next-gen iPhone are "minimal." He said he believes the new phone will feature a fingerprint sensor as a way to unlock the screen. But he doesn't think the sensor will allow users to tap into secure mobile payments. Instead, he said he sees such a feature debuting in the next version of iOS in 2014.

Munster said he believes that the low-cost iPhone could steal around 25 percent of sales from its more expensive, bigger brother. But that figure is down from his previous estimate of a 50 percent cannibalization rate.

Peering into next year, the analyst said the iPhone 6 will launch in early to mid-2014 with a screen size of 4.5 to 5 inches. That will "simplify the product line with three models with three screen sizes, making the phone lineup a good (3.5 inch), better (4 inch), and best (4.5-5 inch) decision," Munster added.

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