Eli5: how did we get to the point where laptops and phones are in the same price range ?

Question

Eli5: how did we get to the point where laptops and phones are in the same price range ?

In: 16910

Answer 1

The most simple answer is high-end product of one market can easily cost as much low-end product of another market.

However there are other reasons. Some phone like iphone is expensive because it is status symbol. Apple also has been paying a lot of money to establish that their product is fashion. Thus since apple basically said cheaper phones are inferior it forced other brands to create halo product with high price tag so they wouldn’t be associated with a cheap brand in consumer mind.