The "Apple will make a low-cost iPhone" rumor is turning into one of the leading tech industry memes of 2013. Just like the "Apple will make an HDTV" and "Apple will introduce a streaming music service" rumors, the "low-cost iPhone" rumor isn't exactly new; there have been rumors of an "iPhone nano" for close to five years now.
The question no one seems to be asking is this: does it even make good sense for Apple to make a low-cost iPhone? Fellow TUAW writer Richard Gaywood and I batted that question around; our point/counterpoint follows.
Chris Rawson: The low-cost iPhone is the only way to save Apple. Otherwise, it's DOOMED. I know this because more than one analyst said so. This is the dumbest rumor so far this year, a
