Knee-jerk ascription of new product classes to elitism isn't constructive. The iPhone, when first released in 2007, cost $500, or about $800 today after adjust

Knee-jerk ascription of new product classes to elitism isn't constructive. The iPhone, when first released in 2007, cost $500, or about $800 today after adjusting for inflation, but launched a smartphone industry that today produces devices that are affordable enough that 3 billion own one, including some that go for as little as $50 and have better performance than the original iPhone.