The takeaways are that people want to pay less for a smartphone, that flagships are not as important as they used to be and that not all flagship features are important. Things have changed.
Flag ship smart phones are not as popular as they used to be due to the price point, not because the amount of features they have today. Look at a smart phone let’s say five years ago compared to today, it’s amazing to see all the new features and how powerful the smart phones are today in our hands, but; consumers don’t care about the latest features, because the inflation of the smart phones is unobtainable for some, when they would rather just have a cheaper smart phone that executes the most simple tasks of communication and incorporates a decent camera, which is why the iPhone XR/11 is so popular.