Arcuri claims to have seen evidence of what he refers to as an iPhone 6c. The device was apparently showing up in Apple's supply chain from January to March; however, traces of the phone have since disappeared.
The analyst believes that Apple may have killed the device to prevent cannibalization of its larger phones.
"I think one of the reasons is because the iPhone 6 has sold so well," Arcuri said. "And they said, 'Look, why would we want to cannibalize? If we came out with an iPhone 6C, we would essentially cannibalize a price-reduced iPhone 6.'"
Notably, back in April, popular Apple analyst Ming-Chi Kuo said that despite rumors of a 4-inch iPhone 6c this fall, it was likely that the smaller device wouldn't arrive until next year.
Check out an alleged iPhone 6c case here, and please follow iClarified on Twitter, Facebook, Google+, or RSS for updates.