Comment by dpark

> It's not enough to sell 1 million phones for a good profit

This is true but also not the entire story. Apple also has to consider:

* How many of that million would we sell anyway in a non-mini version?

* What will the margin be on these relative to our other phones?

* How much of our engineering resources will be siphoned into creating yet another variant that we could use for other efforts or to make our flagship phones better?

* What’s the long term support cost for yet another variant?