Cheap smartphones are dead. Apple doesn’t care

An important but potentially fragile trend is emerging in the data being reported by smartphone industry trackers: while painful component price increases are denting overall phone sales, the iPhone’s market share continues to increase. This likely reflects two key truths: Apple has fought to keep iPhone prices as stable as possible; though it has raised the price for its other products, it has not yet done so for its all-important smartphone. The company has built a great reputation for making