At one point in time people said this about Japanese electronic vendors. Most of those companies are now dead. You can point at the Japanese automakers as a co

At one point in time people said this about Japanese electronic vendors. Most of those companies are now dead. You can point at the Japanese automakers as a counter-point. However, I caution that comparison because they rallied around quality. In the early-70s the major American automobile makers were both terrible quality and expensive. The Japanese were able to create the holy union of both a more reliable and cheaper automobile. Could a Chinese market sprout up to make quality and cheap phone? Probably, but there's no real issue of all the phones are expensive, but terrible devices.