The end of $1,000 phones?

A few weeks ago, I was having a discussion on a TD Ameritrade social group regarding Brookshire Hathaway.

I've worked for Brookshire Hathaway interests in the past and it's a good deal to buy into but I did raise some concerns about Warren Buffet's interests with Apple as a major share holder. For someone who encourages saving money through investing it is ironic that he would invest in a company that encourages a demo graph to squander $1,000 or more into a phone (and/or other expensive technology) with many who may or may not even have a 401k before they plunk down that kind of money or commit to a lease.

I do believe that the Covid-19 virus is going to change a great deal in the economy and clearly it has hit the luxury goods retailers such as Neiman Marcus, who is in the process of filing for bankruptcy, while other mainstream department stores (besides Sears) may follow suit in the next few weeks as well.

Thankfully Apple, One Plus, and Samsung are coming up with new phones (in the next few weeks) that will adjust to the new economic changes as many may not be returning to work with an economic downturn that reach beyond the quarantine period with lower priced phones.

Thankfully my wife and I were able to purchase new phones (during the outbreak) since those ZTE phone that were rated very well on CNET a few year ago didn't have battery life left in them. We didn't buy the expensive phone either.

While ZTE isn't selling anymore in America, the number of manufacturers is decreasing as the market has plateaued.

While the downturn in the economy is going on, some devices (such as the fold able phones) may be postponed until more of the population can go back to work.

Hopefully these lower priced phone can still be used to take on the 5g services that are already available in some areas.

Making phone as expensive as transportation options is disturbing by encouraging bad behavior.

Including spending economic stimulus checks on pricey phones.