Would Apple really make an iPhone mini?

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Apple already sells the previous two years' iPhones for lower prices

That might be a little too "mini" (Digitally altered from original at Shutterstock)

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Article Summary

For the last couple of years, analysts have waxed poetic about an iPhone mini. The logic is that Android's dominance of budget and emerging markets will "force" Apple to release the mythical budget iPhone. Is there anything to this, or is it just a bunch of hot air?