I fully understand. As consumers though, we don't have to like that system and just accept that it working as planned makes it all fully acceptable to those who are not shareholders first and/or executives with bonuses tied to earning record profit again and again and again. Else, that yields the $2K iPhone... and then the $2500 one... and then the $3500 one... and so on.
In the greater system on which that plan is based- Capitalism- the ideal "plan" is for consumers to seek to get as much value for their dollars as they can possibly get while sellers try to get as much dollars for their stuff as they can possibly get. That "bargain" pressures sellers to bring prices down which then motivates buyers to pay up at some "middle ground" price.
In the last decade or two, it feels like only 1 side is really doing a great job in
that system. It does NOT seem to be working as planned... presumably because consumers have forgotten their great power to say "NO" or too easily just roll over and pay ANY ever-higher price because they increasingly are losing sense of the value of their own hard-earned money.
- "Oh it's only $200 more this year? OK, that works out to only about $8.33/month in payments (over 24 months) so I'll just pay $200 more."
- "Oh it's only $2000 more this year? OK, that works out to only about $14.68/month more in payments (over 30 years), so I'll just pay $2000 more."
- Etc.
I don't fault Apple for attempting to harvest every possible nickel of profit. That is the principle objective of any business and even an obligation to shareholders. However, taking off my own shareholder hat and looking at this through my consumer lens, I desire more value for my dollars. As margin keeps expanding, it means more of my dollars are not going towards the thing I'm buying but being scalped off to the profit bin.
In some hypothetical world, where Apple optimized for the old approx. 40% margin or went completely crazy and cut that to 25%-35%, that extra 8%-23% of money paid for Apple stuff would be buying the actual stuff... not added profit for shareholders.
All consumers should always be wishing for- and seeking- more value for their money. Instead, we seem to be accepting shrinking value while cheering on profit margin expansion... and even trying to rationalize it to each other like it's somehow good for us consumers. If we're shareholders (first), I grasp the cheerleading. But as consumers, it seems we shouldn't love & evangelize it like it's some kind of personal victory.