It's Friday, so it is time for the Avory Chart of the Week!
The price of technology typically falls overtime right? Not in the case of the iPhone and the reason is simple. Enjoy!
The price of technology does generally go down over time. However, in the case of the iPhone or even Samsung, prices have moved higher. The reason is simple, the costs of the components in the newer devices are much more sophisticated, and that new technology comes with a price. For example, to make the iPhone 5, it cost Apple roughly $200 to produce. Then came the iPhone 6 and the iPhone 7 which went up to $225 to build. The latest device costs Apple $370 to produce, almost twice as much as the iPhone 5. Therefore, while each device has virtually the same name, the newer devices are packed with the latest technology.
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Sean D. Emory
Avory & Co. Founder & Chief Investment Officer
Disclaimer: This is not a recommendation for purchase or sale of any securities.
AVORY & CO. IS A REGISTERED INVESTMENT ADVISER. INFORMATION PRESENTED IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE SEE FULL DISCLAIMER HERE. IMAGE ABOVE WAS DERIVED FROM STATISTA.