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You are right to some extent. Some portion of that market that wants an iPhone is already getting one, sure. But some portion of that market isn't as well.

I can afford a $10k iPhone, but there's no way I'd buy one at that price. Price matters to almost everyone beside the top 0.1%.



Don't people travel? Why not by it abroad if the price is so much higher locally?


Some do. One of our developers came to the U.S. for a visit and went home with four brand new iPhones.




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