Why a $1,000 iPhone Isn ’t as Crazy as It Sounds

It’s iPhone day, the annual non-holiday where smartphone addicts cozy up to Apple’s keynote to find out what the touchscreen fairies are bringing good little fanboys and girls. If you’re like me, you’ve been waiting with especially bated breath, because your handset is several years old, loses power faster than an overthrown dictator and inexplicably smells like fish tacos. In other words, it’s upgrade time, baby, and we all deserve the latest and greatest. This time around, however, Apple’s top-of-the-line iPhone will probably be more expensive than in years past. In addition to trumpeting an exciting array of new features, the rumor mill has been spinning claims that Apple’s next must-have handset could cost as much as $1,000. That’s 147 pieces of avocado toast! And like that mortgage-busting breakfast option, the question everyone has about the new iPhone is: Will it be worth it? Here, absent final specs, are four reasons I think it will be, and one reason it won’t. The first is a matter of economics. Most people don’t remember this, but when Steve Jobs revealed the first iPhone, the device’s steep $599 price tag was practically bigger news than its beautiful 3.5-inch, 320-by-480 pixel screen. (I remember what a big deal this was, because I was gifted one by a very generous family member.) In 2017 dollars, that handset would cost $707 — but that’s not the whole financial story. Apple’s fir...
Source: TIME.com: Top Science and Health Stories - Category: Consumer Health News Authors: Tags: Uncategorized Apple iPhone iPhone 2017 iPhone 8 Tech in Real Life Source Type: news

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