iPhone 6

No it's not. There's really not much difference in spec between the two devices other than the status points obtained. And it's about 1/4-1/3 of the cost.

Edit - plus my experience:

Possibly going aganist the grain here, but I've owned TOO MANY Apple products not to explode here. I'm sitting on a 2011 MacBook Pro with a big dark spot on the screen where it is starting to fail for example. Bring on the ThinkPad X230 that is replacing it next week.

Having used iOS extensively and written software for it, I find very few things more objectional, inflexible and tiresome. The OS is totally frustrating and just about everything hangs or crashes randomly (Safari being a fine example of horrible as it won't even render half a PNG image, leaving blank 60% at the bottom). Oh plus deleting every damn email in my exchange box on several occasions. Apple have a policy of silence and mysticism on all issues as well.

The build quality of Apple's mobile products is awful. Design over substance, completely irrepairable, poor engineering and materials decisions. Nickel alloys used everywhere resulting in dermatitis, glass on the edges (impact points) and terribly difficult to use connectors (lightning). As for repair, glue and proprietary screws. Enough said. I can still repair a Nokia with a T4 Torx and no heat gun.

The app ecosystem is horrible as well, consisting of vast swathes of mainly pay-per-addon traps for children, popularist crap and hyped overpriced junk.

Then there's the opaqueness of the devices. For example, it took me 5 fucking hours to get my wife's bookmarks off her iPad resulting in me having to write a script to convert the SQLite database (which was a bastard to get off the thing) into an HTML file so she could import it into Chrome. And why can't I just download an mp3 file onto the device like I can with Android, Windows Phone, Windows, MacOS etc.

So no; just experience.

I'm sure this will be downvoted into oblivion but I have Karma to burn preaching some truth. Between big phones (even the small iphone 6 is bigger!), the watch and NFC, Apple is clearly repositioning themselves as fast followers and letting Samsung et. al. foot the bill on R&D and market building. They're probably hoping they can provide higher quality (and more profitable) offerings in markets that somebody else has bled to create. I think this started to happen once they lost market dominance, and I think it's a really smart move on Apple's part. Samsung has shifted their focus on clumsily trying to innovate and get things to market first, and it's worth it for Apple to sit back, see what works and doesn't work and then just execute the hell out of what they intend to do.

After years of hearing that the "current" iphone size is just perfect for the size of the human hand, neither of the current phones are that size. It's unbelievably annoying to listen to all the bizarre justification that goes on about Apple products, and I'm sure this size shift and abandonment of their previous sizes completely will get some kind of fence moving justification. [1]

But I applaud Apple for just doing it and catching up with where the market has moved to. I've been in too many phone stores where I've heard people think the iPhones for sale are the old crappy smartphones from last generation and run over to where the larger phones are.

It took a couple years, but Apple finally listened and the new phones look really nice.

1 - https://www.youtube.com/watch?v=EY4c2mh15Yk

edit I'm also reminded that the "c" model has been dropped. Sales figures didn't seem to be very high and I think the experiment has been deemed a failure. It wasn't what anybody really expected or wanted anyways but it was a curious and weird diversion.

edit2 Here's gruber's take on the phone sizes the notorious Apple shill finally admits that it's time for bigger phones, but hasn't come up with the justification framework yet

http://daringfireball.net/2014/09/prelude

Some people want to buy them. It doesn’t matter why. For some it might be games. For others, being able to carry one device as a hybrid phone/tablet. For others, it might be about reading — making the iPhone more usable as an e-book reader. It doesn’t matter what the reasons are. The simple fact is that many people want huge phones — not just bigger ones, but huge ones — and they’re willing to pay a premium for them. Apple has played a one-size-fits-all game for seven iPhone generations. The market shows that one size does not fit all. I don’t know that they should have done it sooner, but it certainly feels like the time for multiple iPhone sizes has come.

Let's also see what he has to say about this

I’ll be very disappointed if this is just a device that shows a fake analog watch face, displays notifications from a tethered iPhone, and tracks your footsteps and heart rate.

Because there it is on record. Gruber's already disappointed in the iWatch. I'm not. I'm glad it's out there, improving the market for all consumers, iWatch wearers or not. There's some nice ideas and design there.

I can't reach the top of the iPhone 5s screen one handed. I've given up on one-handed use.

I have a friend with the note who actually uses a stylus with it. I don't get it but he really loves that phone.

Probably the rounded corners.

It also looks off for Chrome (at least on Windows)