> I think it also indicates that we’ll see a price stagnating base-model phone and an ever increasing top-tier model as the companies explore how much people are willing to spend (a Corolla vs a Mercedes).
I don't think so.
A Mercedes will get you laid, the latest iphone won't and likely never will.
cell phones stopped being status symbols long before smart phones were created by apple and I don't see them going back to that.
Only because it’s a sign you have money, not because cars are cool.
> the latest iphone won't and likely never will.
When apple has a $5k iPhone it may once again become a status symbol.
Almost 50% of Americans have an iPhone of some version. It’s obviously not a status symbol of everyone has one. iPhones, like cars, are mostly undifferentiated.
Apple has a lot of room to build a status symbol, but admittedly they haven’t been too successful when trying with the Apple Watch, so I will admit the odds are low they’ll succeed, but I believe the market exists in the long run.
> Almost 50% of Americans have an iPhone of some version.
Smartphones are present in ~85% of US households, and about 45% of US smartphone users have an iPhone; that’s significantly less than 50% of Americans with an iPhone.
I don't think so.
A Mercedes will get you laid, the latest iphone won't and likely never will.
cell phones stopped being status symbols long before smart phones were created by apple and I don't see them going back to that.