Talk of a lower-priced iPhone 4 sweeping news outlets and Apple blogs isn’t exactly a shock, an analyst said today.

“Totally expected,” said Ezra Gottheil, an analyst with Technology Business Research, of the news – first reported by Reuters – that Apple will launch a “lower-priced” version of the iPhone 4 “within weeks.”

That Apple will downshift the iPhone 4 to a lower price point when it introduces the next-generation model, and slash its storage space from the current minimum of 16GB fits its practice, said Gottheil, pointing to the company’s history.

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