Why are Smartphones so Expensive?


Most things in life get more expensive over time – wages, cost of living, real estate, art, etc. But technology reliably gets less expensive.

I am not talking about appreciation or depreciation – clearly technology depreciates. But, new tech is generally faster, better, and cheaper than the older tech it replaces.

Except for smartphones. The new iPhone is expected to be over $1k. The new Android flagship phones are all

Dave Michels