If price weren’t the determining factor, the average iPhone buyer wouldn’t live in a household in the US with A 40% higher income. I can tell you based on wher

If price weren’t the determining factor, the average iPhone buyer wouldn’t live in a household in the US with A 40% higher income. I can tell you based on where I live and who I work with, there are many people who are low and moderate income who own iPhones now. They don’t buy their phones outright like some people do; they usually can’t drop $1000 in one go on something that’s not their rent. However, low and moderate income people can pay $10 or $20 a month for the phone while using prepaid services. To be blunt, that’s why poor inner city kids can rock very nice iPhones. An iPhone SE is $200 on a carrier deal; it’s a better phone than anything else in that price range that low and moderate income people can afford.