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How do you know what you aren't missing if you don't know what there is to miss?

I felt that way about my iPhone 3G. What am I missing?

Then I realized that I missing a retina display, face time, faster processor, more memory, multi tasking, etc.

You're feeling "pretty bad" because you have a phone that you "love" and is "awesome" but there may be another device [that may not even be released yet] which provides additional features or benefits.

Your perspective is deeply flawed.

You should derive your happiness from something else. Such as your car, or home, or furniture, or Henckel knife set. /sarcasm.
 
in regards to iPhone Apple is no longer a leader.

The competition comes out with better specs/hardware and then Apple follows. Last year they came up with a high resolution display and 1ghz processor in June when the competition had devices of that caliber early 2010.

The same is happening today, devices with larger displays, dual core processors and better functionality are to be released any day and Apple will follow in June.

I dont think a phone has as good as a screen as the iphone now let alone then. Plus the phone has a great battery life and arguably the best app store ect. Apple can defiantly lead in some ways.
 
Is your computer outdated?

Most likely not, if not then I applaud you, with your Sandy Bridge PC, or i7 Mac.

But regardless, you are probably happy with your computer speed, even if it is not cutting-edge, as it does what you want.

Same with the iPhone. Apple makes polished products, what they don't always do is making cutting-edge products in terms of using the latest hardware and technology upgrades. You can see this on their laptop and Mac Pros, as they take awhile to incorporate new advances at times, especially in regards to GPUs, which are already not cutting-edge by the time they refresh a line (ie. ATI graphic cards in Mac Pros).

They usually put new hardware technologies through extensive testing so that takes time, and also they put more focus on usability, easy to use interface, so it's not important for them to have the new blazing fast chip, but rather new features, which may include new tech, that will improve the user experience.

So bottom line, which is more important to you? Sacrificing some time for one of the best user experiences, or having a phone that is uber-fast, but not necessarily the most polished to use?
 
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