This document provides guesses and estimates about Apple's potential upcoming iPhone 5C smartphone. It speculates that the iPhone 5C will have a plastic shell, iPhone 5 cameras, and a lower-performance processor to reduce costs. Estimates suggest the bill of materials cost could be reduced to $120-$130 by using a Qualcomm Snapdragon processor. This could allow Apple to price the iPhone 5C at $269-$299 while still maintaining a healthy margin of over 50%. The document argues this price would allow Apple to regain lost market share in China from competitors like Xiaomi offering high-spec phones at very low prices.