Will the iPod Classic survive ?



Its expensive, bulky, has buttons, no speakers or microphone and all it can do is play music and videos on a smaller screen. When you compare that with the cheaper iPod Touch which can play music ( without headphones too ), movies, surf the web, read and send emails, send iMessages, play hundreds of thousands of games, take photos and videos, Skype, read books, check weather, stock, wikipedia, dictionary and countless other things for $50 less than the iPod Classic, why has Apple not stopped production of the only survivor of the clickwheel series ?
Now I can only theorize about something like this, but my guess is that the 160GB iPod is the symbol of iPods. After all, an iPod is generally thought of as the classic clickwheel style iPod with a central button even though there's only one of those left. It's recognized as the worldwide icon for iPods and even a toddler recognizes the symbol. Now that probably wouldn't remain the situation if iPod like that didn't exist. And if it did, the icon of the Apple iPod without the actual device. Would be a little strange, wouldn't it ?

Of course, another possibly more obvious reason could also be that Apple still hopes to sell many more iPod Classics considering that they've sold over 300 Million iPods to date.

Related:
Are the Clickwheel iPods Dying Out ?
iPod Touch - A Social Device ?
New iPod Nano - Clock Faces and Better Optimized for Smaller Screen
Why the iPhone 4S was frowned upon
iPhone 4S ( iPhone 5 ) - A Review