an iPhone has better hardware.
Yep, a lot more than 4% better too. And then there is the software.
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Very good points - nice post. In response to the quoted parts -- You've got several good points. I just sold my Air 2 and started using my 6s+ with a bluetooth keyboard to do my work log entries as well as other personal items. Also, I'm starting to use it to record work meetings (voice record) and I take tons of photos a day. It is easy to forget how powerful these little things are.
And if you go back and watch Job's original iPhone launch speech, it is clear to me that he envisioned the iPhone ultimately being the only computing device you would ever need. That was his whole point - 1 mobile computing device: phone, media player and internet accessing device.
But now these things with all of their RAM, high speed processors and internal storage are even capable of replacing laptops for many tasks. Of course you may need to connect it to peripherals like a keyboard or a larger monitor or a printer, but as far as your computing device, your smartphone is getting pretty close to being able to be your 1 and only computing device. The cameras are getting pretty spectacular too although due to the physics of optics, if you want to take professional quality pictures, you will still need a camera with a bigger lens.
Samsung is moving in the direction of your mobile phone being your 1 and only computing device with its DEX dock.
http://www.samsung.com/us/explore/dex/
$1500 is a tough pill to swallow

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It is but they will also have the regular iP7s/7s+ at the price point we are all used to. Those will get the job done too, but their cameras may not be quite as good and they won't have the edge to edge display, neither of which are essential to me but sure are nice to have and worth the extra money to me.
Everyone is different on what they value, but for instance, today I went out to lunch and spent $25 with tax and tip. Then I went out to dinner and spent $45 with tax and tip. I actually like to cook but I just don't have the time some time and I like to eat healthy and high quality food. I also had a glass of wine with dinner so that pushed the price up some.
I think having a high end model is the right thing for Apple to do - it is going to increase the cache of the brand and increase demand for their products. But yeah, if you want the premium model, it will come with a premium price tag.