I bet Apple could make a $199 iPad Mini and turn a profit on it — especially with a $249 version sitting next to it with double the storage. It’s that simple. If Apple thinks people would buy a smaller cheaper iPad and that they could turn a profit making them, they’ll do it. No reason to overthink it.
Yet, I can’t stop overthinking it. I’m just not sold on where a product like this would fit. Who is it for? What makes it better than the iPod touch or 9.7-inch iPad?
Maybe this product could do what the iPod mini did.