Is s smartphone worth £1,000? If you look at all the things you can do with one then yes £1,000 might seem like a fair price. However that price is only good if you’ve never owned a smartphone or you don’t currently have one. If you already have a smartphone that does everything you need it to do then £1,000 is excessive for a new one. Moreover even though we might consider £1,000 to be a fair price you can get phones that do everything you need for much less.
That can be said for literally anything in life. If everyone went for the bare minimum to get the job done then nobody would’ve bought iPhone / any phone above the base cheap Android models.
Value is very subjective as
@Relentless Power said.
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It’s all fine though as last years iPhone is much the same as this years so if Apple are scratching their heads then price is the key factor putting people off. It’s not moaning, it’s reality. If they want it to be a purely ‘luxury’ product, then it shouldn’t matter if it only attracts a niche market segment.
This! Exactly this. I think both Apple and Samsung Mobile, the only 2 major smartphone manufacturers on the planet that with a huge revenue from just that one source, have realised that the market has saturated and targettng a more premium market is better for business than going down the cheaper devices rabbit hole. Look at all the other Android manufacturers that are mainly depend on cheaper devices. They are nowhere close to the amount Apple is making by sellig one device, just in different sizes.
Ultimately as a business I believe they have more than enough resource to predict all this with real data and all the decisions made on both Sammsung and Apple end are based on real data than random shift.
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At 1k Plus it’s competing with computers. I can build a gaming PC at $1500 with high end components which offers 10x the value. The iPhone is outrageously priced. No smartphone is worth more than $1100.
This is not the point. Why is it ok to pay for over 1k for a computer but not a smartphone which is everybit capable of doing the same thing? And also why would you buy a computer for 1k when there are perfectly fine PCs available within 300 range?!
See what I mean there? Comparing such devices just does not make sense. Miniaturing technology has a cost, otherwise we will still be using room size computers.
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This a really poor example. You can’t compare the housing market to a smart phone, those are two things are not even mutually exclusive. The value of money isn’t necessarily changing against the smart phone world, it’s the smart phones that are increasing in price that are keeping consumers holding onto their devices longer because they do everything they need them to, and these new features that the latest iPhones are boasting with Animoji, TrueDepth Camera, etc. are not enough for someone to want to upgrade their phone.
Someone who considers upgrading to an $1100 iPhone, should consider not just the monthly payment, but the iPhone as a whole, and is it completely necessary to upgrade the phone based on what they [need versus want]. Those are the things I would consider.
I see the problem here being someone thinking what "should" be the norm. I mean, if one has to think 1500 times before buying a smartphone / computer then they are not in a position to buy them anyway. Electronics items are never investment, they are always depreciations.
That's why I say the word "value" means different to different people.
I’m in London and on a max. 
