We are the buyers of the new generation of smartphones, where price tags have reached a whole new level, and it’s a bitter $1000! This year has seen a big and powerful upgrade regarding hardware for several companies, the Note 8 – that doesn’t explode, Apple’s iPhone X – a radical design, the OnePlus 5 – a lovely piece of tech, LG V30 – the new shape of the future. If you love technology, you will definitely love the new path of innovation that these companies have taken. But one thing we must take note about each of these smartphones up there is – the Big Ugly Price Tag!
- > The Huawei P9 cost £449 in the UK in 2016, but this year’s P10 starts at £569. You get more, but you pay more as well. (+26%)
- > The OnePlus 3 was $399 in 2016, but the 2017 OnePlus 5’s starting price is $479. (+20%)
- > The Galaxy Note 7 was $849 in 2016, but now the Galaxy Note 8 costs $930 at a minimum. (+10%)
- > The iPhone 7 Plus of 2016 ranged in price from $769 to $969, and Apple has topped it this year with the $999 iPhone X. (+30% starting price)
- > The Google Pixel XL of 2016 was $769 or $869, depending on storage, and this week’s leaks suggest that the 2017 edition will be dearer with $849 and $949 price points. (+10%)
And where Federal Tax and Duties are involved these smartphones can cost you above $1000. This is the reality of the technology we have now. Every tech company wants to innovate something for the customers. This is a field where we are the ones responsible for the creation of something which exceeds our demands.
However, there’s no industry-wide justification to control the prices of these smartphones. Samsung S8 and Note 8 will cost around $380 to manufacture for Samsung; where Samsung’s Galaxy Note 8 may cost you around $960. Furthermore, we found the iPhone in the queue, with a $412 manufacture cost will retail for $999. So these nearly $500 additions are the reason why the prices are increasing, and since we keep buying, we are responsible for their price hike strategy.
However, there’s Xiaomi Mi Mix 2 – the Apple of China has created a phone with bezel-less display, that will cost you around $500! What do you suppose their cost of production is, any guesses?