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this post was submitted on 28 Sep 2023
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Everyone is currently poor as shit.
Or, maybe, people realized that there is no reason to get a new phone every year.
They are not mutually exclusive, tbf.
True, but the calculation probably include also less expensive models, which make probably the big part of the market.
And even for a low price smartphone there is no necessity to buy a new one every year.
Then I agree, actually probably there is way less people that can put 1000 or more $/€ on a phone every year.
poor people are poor as shit
rich people who are richer off the backs of poor people are not poor as shit
Sure, but even rich people don't buy more than two phones, if they have one for personal and one for business.
And one for infidelity
I have plenty of disposable income. But why would I spend hundreds and hundreds on a new phone when I just got a Pixel 5 off eBay for $100?
Pixel 5 was peak pixel.. I have a 7a now but TBH preferred the 5 just for its size and rear fingerprint reader.
On the iphone side I picked up an iphone SE 2020 for £120 (no an ios fan but it's good to have around for development and testing).
There's really not justification for £800 phones any more when the older ones are this good..
Non essential spending is still through the roof. People are buying all the extra shit still.
"The average sell price is up from $663 to $738 year over year, indicating it's the premium phones that are selling, and all the cheap vendors are getting shut out."
Totally disagree with the article's assumption, I'd say you are more correct. No one wants to or has that much money to pay for ridiculous prices, so sales are tanking. The few who can, or must buy a new phone certainly aren't going to buy something with no staying power when hundreds of phone makers have coke and gone in the last decade.