WRONG!!!
The iPhone was not $399 in 2007. That was the CONTRACT price!!! You were locked into a 2 year contract with AT&T. IF you wanted to buy it out of contract it would cost you about $650 just like today!!!
So iPhones have basically stayed the same price since 2007 while cars have gone up 20%.
The iPhone does not make as much profit as you think. Apple financials prove it. Last year the companies profit margin was only 21%. So an average $650 product only nets Apple $135 in profit.
Not from the us. So did not realise it was contract only.
Actually the price was 599 + 2 year contract, making it the most expansive iPhone ever.
The price has dropped over the years, in 2007 the iPhone was cutting edge.
2015 an iPhone 6S is $199 + 2 year contract
Tech is not getting cheaper?
Also you are completely wrong on the profit margin of an iPhone based on how much the company makes....
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