"The iPhone has always had a way of defying the law of physics," Munster said, "and I think it will do it in spades with this higher priced one."
Apple expected to unveil the new $1,000 iPhone, a souped-up 'anniversary' version →
"In five years, I bet Apple will either be investing $10 billion a year in content or zero," said Munster. "It's going to be one or the other."
Apple embarks on Emmy quest with big bet on video streaming →