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I have an iPhone, but I'm not willing to spend $1300 on one. I bought my last one refurbished for about $250, an iPhone 7 Plus, about three years ago, and I still have no issues with it.

And Boost Mobile (where I got mine) is currently advertising a deal for an iPhone 8 for $80, or an iPhone 11 for $350.

Not all of that 60% are paying the full price for a brand new iPhone, probably not even the vast majority of them. iPhones tend to last (and continue to receive updates -- I'm still getting updates on mine) for quite a while.

That being said, I agree with you that they don't need to bring the price down. And I disagree with the parent, because there's already ways to get (older) iPhones pretty cheap, almost as cheap as they were calling for.



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