Don't forget that if you come to like the form factor and capacity you're looking at repeating that price ~every 2 years.
Don't forget that that a device with a higher price point will also have a higher resale. I paid $680 for my refurb 7 Plus 128GB and Swappa shows them selling for an average of $656 right now.
Pah! Pennies!
iPhone is for everyone, because there are entry models after all, no? Just wait for all these features to trickle down!
Wow, I really miss the simpler days when iPhones had three "new" prices and that was it.
The only reason anyone wouldn't want there to be more iPhone options is because they don't want anyone else to have one better than they can have.