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It makes sense because Samsung did this by releasing their S3 Mini months ago. Apple is just playing catch up now. First releasing the iPad Mini because of the Nexus 7 and now this. I'm worried...
 
It's funny how people begged for a bigger screen and now they're begging for a cheaper phone. basically an android version of iOS. just get a android. lol
 
It's funny how people begged for a bigger screen and now they're begging for a cheaper phone. basically an android version of iOS. just get a android. lol

You're missing the point. This would replace an existing slot in their product line at an existing price point. Eg 4s after the 5s comes out.
 
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