Five Cheers for a Small, Cloud-Based IPhone

Early this week, rumors of a smaller, half-price iPhone broke in The Wall Street Journal. As someone who prefers mobile devices with screens ranging from four to seven inches, I quickly dismissed the idea of an iPhone mini. Then—after I started pondering Apple's various revenue sources, the fact that the current Apple TV is a streaming device, and how Apple manages the iPhone experience through iTunes—I began to see why a small, cloud-dependent iPhone makes sense.

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