Once upon a time, power of computing doubled in 18 months (Mooer's Law) and prices declined slowly over time; with iPhones, computing doesn't quite double in 18 months, but close to it, and prices on their products remain largely constant, so they have invented a better mouse trap in that they can command the same price year after year with consistent margins that most companies would beg for$Apple(AAPL)$
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