The price gap between high-end and low-end phones is higher than ever, and yet the feature gap between them is as small as it ever has been.
Like, there are usable phones you can get for $100 now, especially if you buy used. Companies must do something more than this to justify the 11 times higher price.
[doublepost=1509276103][/doublepost]
I agree with you, but I don't agree with the part about it being bad for Apple. Even if the market rejects the offer to pay $1000 for a phone (a completely ridiculous offer to have in the first place), customers will flock instead to the 'cheap' iPhone 8, allowing Apple to quietly slip the price of their base model up to $700, ($800 if you buy the plus version) and look like they're offering a good deal. And this will shortly become the new norm for iPhone pricing.
The fact that the iPhone 8 isn't selling well indicates that this is not the case, and far more customers are willing to accept $1000 as the new norm for iPhone pricing. I hope I'm wrong though, and Apple's pricing strategy does backfire. It would be better for the customer if they didn't get away with this.