Is This Apple’s Next Big Avenue for Growth?

Apple (NASDAQ:AAPL) haters are on a roll. The company’s stock has taken a significant hit since peaking above $700, but the current perspective on Apple seems to assume the company is headed down the tubes.

OK. Let’s take a deep breath and turn off CNBC’s echo chamber. Contrary to the new Apple bear craze, take a look around and things are going great. Moreover, the company is not as ubiquitous as Exxon (NYSE:XOM) gas stations, so there are plenty of avenues for growth.

So what are they? Lower cost iPhones. Even with the free older Apple iPhone option carriers currently subsidize, this market is largely untapped. The potential gains for Apple are…