Why doesn't the iPod Touch have a camera?

Apple held its main theme conference on September 10th, hosted personally by the ever-indomitable Jobs. However, the newly released iPod touch didn't come with too many updates; even the nano had a camera, but the touch didn't. The reason behind this might be a strategic choice by Apple in terms of economic profits, given their market monopoly.

This is what the world looks like when a company monopolizes a certain market, while others are merely chasing an already highly successful product. This company begins to slow down its pace and become complacent. Apple's goal for new products has now shifted to: maintaining the product's leading position in the market with the least amount of cost and effort.