How can companies upgrade their products and use higher end technologies each year while selling them for the same price
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Product upgrades aren’t new products. The system board on an iPhone 14 is probably mostly similar to the system board of an iPhone 13. Higher technology *is* the upgrade. Creative accounting is another reason why the price remains the same. Also look at the other services offered by companies. Phone manufacturers could see the writing on the wall for yearly upgrades and thus have dug deep into services. That’s where a large portion of revenue is coming from. Apple didn’t become a $3T valuation by selling iPhones.
Also, costs on the scale of Samsung or Apple, for example, are pennies on the dollar. That $1200 Galaxy S2x might cost the company $50 (on the high end) raw material cost to make.
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