Our rationale is as follows: (1) the OLED model may trigger replacement demand among high-end users given its completely all-new-design form factor and notably superior specs the new 4.7” iPhone, featuring glass casing and wireless charging, looks well positioned to tap replacement demand at the entry level.
This is one of my issues with Apple at the moment. "Entry-level" and "high-end" should not be terms used to delineate a lineup based on whether you want a large or small screen.