why iphones are very expensive ? | what thing makes them too expensive compared to other smartphone brands | Tech Strap

 There are several factors that contribute to the high cost of iPhones :

Premium materials and components: iPhones are made with high-quality materials and components that are more expensive than those used in many other smartphones. For example, Apple uses high-grade aluminum and stainless steel in the construction of its iPhone models.

Research and development costs: Apple invests heavily in research and development to create new technologies and features for its devices. These costs are passed on to the consumer in the form of higher prices.

Marketing and advertising: Apple spends a lot of money on marketing and advertising its products to create demand and build its brand. These costs are also factored into the price of each device.

Brand value: Apple is a highly respected brand that is known for its quality and innovation. Many consumers are willing to pay a premium for the Apple brand and the associated status symbol that comes with owning an iPhone.

Supply and demand: Apple controls the supply of its devices and often limits the availability of new models to create a sense of scarcity and exclusivity. This can drive up demand and prices.

Overall, the combination of premium materials, research and development costs, marketing and advertising, brand value, and supply and demand all contribute to the high cost of iPhones.