Appadvice.com reports "Were Apple to make available a less expensive iPhone, it would allow the company to reach 580 million potential consumers. These users represent 65 percent of the smartphone market, according to AppleInsider. Gene Munster of Piper Jaffray is out with his initial take on the so-called iPhone mini. The technology analyst believes that the device would not only prove successful, but also not hurt Apple’s profit margins. He believes a low-cost iPhone would generate $6.5 … [Read more...]