“This is the first year when last year’s specs remain good enough to serve as the mass market new iPhone.”

— John Gruber nails the key to the iPhone 5C: Smartphones have matured to the point that last year’s is still more than good enough. This is the phone I’d recommend to most people now, and should become Apple’s best-seller. This might also mean that Apple can do crazier things with the “pro” model without having to worry so much about supply.