The idea of an iPhone nano has been debated since the device's inception 4 years ago. Apple's conquest of the mp3 player market with multiple iPod models has had many folks wondering if Apple was going to do the same thing with their smartphone line.
While most people scoff at the idea of Apple producing a cheap version of the popular iPhone, Horace Dediu of asymco seems to think otherwise. Apparently, Apple has plenty of reasons to manufacture an iPhone "nano."