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Apple is already past that, with the entry-level 17e starting at 700 Euro. The midrange regular 17 starts at 950 Euro. And according to rumors those prices are likely to increase in spring if not earlier.
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> entry-level 17e starting at 700 Euro

Which is 30% less than the original iPhone accounting for inflation.

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iPhone 1 launched at 649 Euros in France in 2007 money, or about 980 Euros today.

Given inflation and the increased utility of the smartphone, we're almost certainly at the lowest cost per hour of use ever for most people.

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> for most people

For most people, salaries have not kept up with inflation

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What's funny is that due in part to minimum wage laws (which caused some of the inflation) the lowest quintile is arguably the one who's kept up with inflation better than the rest, meaning there has been an improvement in the wealth inequality department. But nobody talks about it. Meanwhile I've lost like 20% of my buying power to inflation in the past 3-4 years even taking the meager raises into account.
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Our central planners allocated all the RAM to AI and almost none to phones.
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