Apple is already past that, with the entry-level 17e starting at 700 Euro. The midrange regular 17 starts at 950 Euro. And according to rumors those prices are likely to increase in spring if not earlier.

iPhone 1 launched at 649 Euros in France in 2007 money, or about 980 Euros today.

Given inflation and the increased utility of the smartphone, we're almost certainly at the lowest cost per hour of use ever for most people.

Our central planners allocated all the RAM to AI and almost none to phones.