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When Warren Buffett Pick iPhone Over Airplane
There has been a revolution in the mobile phone market after Steve Jobs released the iPhone 2G on June 29, 2007, and then, followed by the first Android phone on September 23, 2008. Although IBM was the first to introduce the smartphone in 1992, the world starts to use the term of smartphone after iOS and Android has been launched. The term “smart” from a smartphone refers to its ability to handle the amount of information. Smartphones are used for more than simply making phone calls; but also play high-definition games, send emails, watch movies, take notes, or do a wide variety of tasks. The presence of Android and iOS made the phone market seem like never before. The innovation is affecting smartphone pricing. Now you will easily find a phone that comes with an extremely high price. Here are the reasons why some smartphones very expensive:
First, cost of R&D. As a consequence of the high demand for a smartphone, many companies are interested in making a profit in this segment. Apple, Samsung, HTC, Huawei, Asus are just a few examples of the company that have competed in the smartphone market. This competition is pushing companies to do better than their competitors. So, the companies put many hours, resources, and money into the R&D program to create the most futuristic phone that can win the markets. As a result, the phone companies…