The iPhone has been the most expensive, premium product since the day it was launched (see the incredulous Balmer video about the $599 subsidized price). It wa

The iPhone has been the most expensive, premium product since the day it was launched (see the incredulous Balmer video about the $599 subsidized price). It was also the primary engine that drove Apple to being one of the richest companies on earth, ever. For years people have said it was doomed to failure because it was overpriced, but here we are, with an iPhone that is more expensive than ever, probably even adjusted for inflation.