Comment Re:Apple makes money either way... (Score 1) 348
The iPhone is no longer a killer phone. Androids are basically the same.
The killer feature of the iPhone is no longer its looks, or its browser. It's the apps. A low-end iPhone will make the app market larger (so Apple will get their 30% on app sales / IAP), and will keep app developers happy (and make them less likely to target Android).
Apple has already seen what happens when a cheap competitor undercuts them, and steals all the developers.