There are any number of reasons why this is a poor and lazy analogy.
First, there are fundamental differences in a smartphone versus a personal computer ranging from how they happen to be used (are smartphones really just used to make phone calls or are they primarily computing devices, how do you measure their usefulness as computing devices for people?) to how they happen to be purchased (ecosystem of services, content, smoothness of user interface, individual style etc).
Second, Apple has managed to be price competitive. In the big picture price of a smart phone, there is very little price disparity between an iPhone and any other top tear smartphone.
Third, Android is not Windows 95 from a standardization or a technological standpoint. Nothing in the Android world screams that they are going to offer a technological advantage to users on the software side that will give it a demonstrable advantage over iOS. At the same time, even with the new Android OS coming out, there seems to be little done to cope with the forking of their OS.
Fourth, Apple does not seem to have a problem building and maintaining a base of software developers.
Or in summarizing, so long as Android does not outperform iOS in ALL of the following metrics: hardware technology, software technology, user interface, customer service, and ecosystem; iPhone does not lose if Android wins.
Naturally, you seemingly ignored that part of my post in order to cherry pick things to make an specious argument.