Sure, iPhones etc are luxury products. But the rising demand for low or mid-tier goods is still rising demand, and the production numbers of high-end SKUs are n

Sure, iPhones etc are luxury products. But the rising demand for low or mid-tier goods is still rising demand, and the production numbers of high-end SKUs are naturally lower and unlikely to affect total numbers that much. But the global smartphone market is quickly saturating, if it hasn’t already, and that is bound to affect numbers. Smartphone tech is also quickly nearing the flat end of the sigmoid curve, which naturally disincentivizes upgrading.