Why Are Smartphones Becoming So Expensive?
1. Why Are Smartphones Becoming So Expensive? Phones are improving
When you compare the iPhone 11 Pro Max to the iPhone 1, you will see how far we have come. The iPhone 1 was released at 499 dollars, and the 11 Pro Max at 1099 dollars. The main difference is based on storage with the iPhone 1 at 4GB storage and the iPhone 11 Pro Max at 64GB storage. This is a huge increase and the same with RAM with the iPhone 1 at 128MB Ram and the iPhone 11 Pro Max at 4GB RAM. We have had a huge jump in all smartphone specs which is only going to cost more money to build.
2. Why Are Smartphones Becoming So Expensive? Taxes and Employees
As you may already know, there are taxes, and selling phones all over the world is going to attract some cray sales tax prices to add to the selling price. The cost of hiring thousands of employees and renting or buying all the store places is just a lot of money to be added on to the final price. This is one of the many little things that factor into one big price for the end product.
3. Why Are Smartphones Becoming So Expensive? Phones are needed
More and more, it is harder to live where we are without a smartphone. Smartphones are becoming so essential, they can raise the price and people will still buy them. We need our smartphones to do our jobs and they are beneficial in almost every category of our lives. Have you ever forgot your smartphone and thought you were forgetting everything?
4. Why Are Smartphones Becoming So Expensive? Price rise
Prices always rise over time, it happened in almost every other product in the world. For example, the first mass-produced car which was the Ford Model T released at a price of 850 dollars. Now, most new cars are over 20000 dollars. By inflation, prices always rise over time. Smartphones actually haven’t risen as much as some other products we know and buy.
5. Why Are Smartphones Becoming So Expensive? Manufacturing Costs
It is very expensive to buy and maintain factories, much less fill them with all the employees. There are also many parts in a smartphone that is prone to fail. With parts failing and then having to make more to replace them, it adds up on the cost of the phone. Also, a lot of money has to go into figuring out new designs and support teams. There are many factors that have to go into building a smartphone, and when we consider all of them, the prices are fairly reasonable.