As people go longer between upgrades, phones depreciate less, the phones become more durable and better supported; their price sensitivity ought to go down not

As people go longer between upgrades, phones depreciate less, the phones become more durable and better supported; their price sensitivity ought to go down not up. I also don’t see all that much reason to wait when you can always get an old model of phone. I also see tons of competition at the mid-range of the market anyhow.