Clearly the iPhone is a phenomenal success, so it begs the question of what Apple will do to keep the iconic device in the top spot as king of the smartphones. The answer: lower the price, add more functionality, expand access overseas and pack any future models with software that has a wow-factor.

This roadmap for where the iPhone is headed comes from applied technology analyst Yair Reiner of Oppenheimer & Co., who told InternetNews.com that's what top Apple (NASDAQ: AAPL) executives, including CFO Peter Oppenheimer, relayed to him during a recent meeting.

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