Would it translate to profit? Absolutely! The Mini (along with everything else Apple makes) sells at a high enough price point that they would absolutely make more money than they spend.
The problem is Apple (maybe rightfully so) isn’t interested in products that “just make a profit”. The product has to be a part of the overall vision of the ecosystem AND be big enough to be a hit (at least in a target market).
Not sure how much effort Apple put in some days... that vast new Campus, all those people, so little output
They let products languish for years, directionless, upsetting customers. The Pro Users made so much noise about being forgotten they "got some love" with at least acknowledgement more was coming "soon". Well soon-ish.
The Mac mini is so overdue for some attention but remains "important" to Tim. Huh?
Do they not get that huge updates every time aren't needed? Just yearly advances to keep current. Every other company can do it. Some overdo the updates: two months later your recent purchase is no longer available. That's unsustainable. Even the retailers can't keep up. Signage is often wrong and staff give up. "This is what we have now".
Apple can make hard and bold decisions: headphone sockets, DVD drives, iPod nano etc. They even ditched the Mac Air 11" overnight. So if they don't want iPods or Mac minis or iPad minis, they could just chop them out of the catalogue. Leaving them gives people hope - which isn't always warranted. Then people get upset and rant.
I held off for a long time to buy a Watch. Love the 3rd version. Works way better than I expected. Battery life not the issue I thought it would be. And so many people at retail shops comment how cool waving your watch to pay is. That's because ANZ is the one big Aussie bank that got behind it and let you link your Savings and Credit cards. Other banks didn't want to play with Apple. I've yet to see anyone use an Android watch to pay anywhere.
So Apple does some things right.
Sadly iTunes is a mess: tries to do too much in one app. Pull it apart. Make separate front ends for the components even if they share the same backend folder.
iOS has too many inconsistencies and now we've lost the Home button, relearn your interactions. Hmmm. Still not convinced about that. Yeah it might work but is it easier in every case? Adding extra steps? Not the "simplify approach" Apple used to use. I'm sure there are shortcut ways I don't use.