It didn't take much longer to get a 3G for that price with no subsidy.

Sure, it hasn’t crashed like the prices of televisions, or like computers did in the 80s and 90s. But it’s still meaningfully cheaper and of course much more capable (the original iPhone didn’t even launch with an App Store!).

Come on, the iPhone had:

  - no app store
  - no video recording at all
  - no copy/paste function
  - no selfie camera
  - no GPS

Just to name a few. I won't even go into things like touch/faceID, wireless charging, iCloud, any form of water resistance etc.

And then in terms of the specs on what it did have that got better, processor, memory, storage, screen quality, battery life, camera, it's all orders of magnitude better. There really is no comparison.

I mean look at the price of a digital camera, music player etc, hell even external battery pack in 2007, with the same specs as the iPhone today, and you'll easily find support for using the words 'hefty price drop'.

It's also 10000% more capable too.