Cheaper Smartphones Have Spurred Huge Sales For Big Tech Companies

The video discusses the pricing strategies of popular smartphones, focusing on the iPhone 11 and Google's Pixel models. The iPhone 11 became the best-selling smartphone in early 2020 due to price cuts, with Apple reducing its starting price to $700. Google also lowered the cost of its Pixel models, with the Pixel 5 priced at $650 and the Pixel 4a 5G at $499. These strategies aim to incentivize users to upgrade their devices, as consumers are waiting longer to replace their smartphones.

What new insight or understanding did you gain from this video?