Yet you fail to understand it is not as simple as one currency being higher or lower but the grand sum of the markets.The thing is, no one really cares about that. UK and EU consumers just look at the price of the current iPhone 14 models compared to last year's and say 'hell no'.
Other manufacturers often passed-on exchange-rate savings when the pound or Euro favoured the mfrs currency. Only greedy Apple was the guaranteed exception. There was a time in the 2010's when the £ was so strong against the US$ it was cheaper to take a budget flight to America, buy an iPhone and fly back with it, than buy one in our stores.
iPhone 14 sales the the UK and Europe will be a flop, and a market which is already dominated by Android phones will slip further away from Apple. Whether Apple care or not is a different matter.
Let me provide a simple example, there are more people in the US willing to purchase an iPhone with or without carrier subsidies, people’s attitude and mindset of iPhone in the US say compared to EU or UK. Some people in those markets may not mind paying higher for an iPhone but many don’t and see an iPhone as a phone. The mindset of the market in UK and EU and many other places is “value for money”. The next is what can an iPhone do that another device such as an Android phone not do. If it is the same or similar and one costs 1K while the other half if not free the “value for money” will sway to the half if not free as it’s functionality is perceived as same or similar.
Don’t get me wrong I am not dismissing your observations, I am adding a different perspective. There is a reason why in India many just go for an affordable if not free Android device and why having an iPhone means you can afford something better (perception) meaning you are successful.
Human Mindset:
iPhone = Successful
Android = Plebs
Regardless if it is true or not even if your Android device cost more than an iPhone, no one gets excited from receiving an Android phone because it’s given away for free in many markets unlike an iPhone (exceptions in certain markets).