Or you can just buy that same flagship model 24 months later, still working perfectly well and with many more years of iOS updates, for a fraction of the price.

Or you can just buy that same flagship model 24 months later, still working perfectly well and with many more years of iOS updates, for a fraction of the price. The second-hand market for iPhones and iPads is huge, and iPhone sales in markets like India are primarily or refurbished iPhones brought in from the West at an industrial scale.