You might be wondering why iPhone maintains high price tags when other smart phones are cheaper and selling like pancakes! People are curious about why Apple still sticks to its expensive pricing when other cellular phone companies like Samsung, LG and Blackberry are almost at a relative price. This nagging question is like a mystery to the economic competition between phone companies. In the end, the iPhone will and always be elevated in all stats compared to other brands.
Apple has always been innovative with technology. It pushes itself way beyond what’s new. Research and testing of more sophisticated advancements are made. This practice needs funds to keep on going so that the public will enjoy newest features they can offer. Thus, scientific engineers are highly paid. If this would not be the case, technology would never be as fast changing as you are enjoying it now.
Pay for the patent
When you have invented a thing- drug, machine or software, it is but normal to patent it. You need money to cover your invention from theft and pay for the patent. Like, when you write a book, you want its copyright. Or else, the credit will not go back to you and also, the profit. Apple patents every technology they produce. They have the rightful claim to what they deserve. This contributes to the high pricing scheme of the iPhone.
When you have patented your technology, you have a claim ban to other companies not to imitate you in any form for as long as 20 years. Nobody is allowed to produce imitations of your product until the time span is done. This is a protection given to inventors to encourage then invent more things that can help humans.
Level of quality
When you say Apple, top quality gadgets always ring a bell. Apple maintains their name to be known as the best in quality. High maintenance costs a lot. They do not rely their materials to fall under cheap workforce which is a common practice is common among cell phone companies.
Since iPhone is expensive, only a small group is willing to buy it. They are the outdoor lovers, adventurers, NGO, military and also, techie nomads. Apple is not really enjoying high profits considering the small number of buyers. However, they can promise a great value for money for those who buy an iPhone.
iPhone can navigate even without a broadband signal. If you are lost in a place with weak signal coverage, fear not! You can directly ask for regional maps by just pointing it to the sky. This unique feature is not present in most of the popular brands cellular of smart phones.
iPhone is expensive for a lot of great reasons. The Apple Company is in the leading position on research to advance technology. iPhone competes with quality and not with price because, it values the satisfaction of those who are willing to buy it.