There is little chance that the iPhone 6 will be more affordable come its 2014 release date as Apple will remain focus on the premium market, a new report said.

The tech giant will not be prodded to offer inexpensive handsets this year or in the near future, Needham & Company analyst Charlie Wolf said in a new research note to investors. Wolf pointed to the business model that Apple has used last year, in which both the iPhone 5S and iPhone 5C hit the market bearing upscale pricing.

While the 5C was projected by analysts as the budget iPhone, it retails for over $500 unlocked and in some markets like China the tag price go as high as $700 plus. And Apple CEO Tim Cook was far from being apologetic when he declared that his company is not into the junk business.

The statement was in response to market's reaction that the iPhone 5C wasn't cheap at all as earlier thought of.

And it will remain the same for 2014. Wolf said, somehow backing earlier projections that the rumoured iPhone 6, which is touted as the first iOS phablet, will start selling in the second half of the year with a price mark up of $100, tops.

His forecast is based on Apple's natural tendency to protect the profit margins it generates from the iPhone business. In fact, having a cheap iPhone on its product portfolio would be an 'insane idea' for the tech titan, the analyst told Apple Insider.

For the iPhone 6 to sell within the $300 and $350 range, the device's bill of materials will have to be capped at $120 with Apple targeting a gross margin of at least 40 per cent. Achieving that, however, is next to impossible, Wolf stressed.

Besides, Apple does not see the need to follow the way of its Android rivals, which according to analysts will be compelled to offer their devices at more affordable price levels as the high-end smartphone market reaches its saturation point.

Such prediction is seemingly supported by the latest earnings guidance from Samsung, which despite selling millions of smartphones in the December 2013 quarter has missed market expectations.

Yet for the tech giant, the general situation appears rosier as Wolf pointed out that "the evidence suggests that Android users are switching to the iPhone in far greater numbers than users switching from the iPhone."

Even if the market starts to feel the pinch of saturation, Apple will keep its track towards the growth path, Wolf added.

Without really any pressure, the chance is very slim for the iPhone maker to price the 2014 version of the iPhone 5C a bit lower, more so the iPhone 6, the analyst wrote.

Citing reports from Taiwan, BGR said this week that more evidences surfaced that Apple is again releasing two iPhone models for 2014 - one would sport a standard screen size (4-inch) that presumably would be the refreshed iPhone 5C.

Another would boast of a giant screen, which according to persistent rumours could go as large as 5.7-inch or even 6-inch, that would be dubbed as the iPhone 6 or iPhone Air.

The iPhone 6 release date, a number of analysts said, will happen in the second half of 2014 flashing new killer specs and features such as Liquidmetal casing, sapphire glass/coating, 64-bit A8 processing chip, portable solar panel that allows continuous wireless charging and iOS 8.