Research by Uswitch has found that the cost of high-end mobile phones has climbed 490% over the past 20 years, with high-end smartphones now costing more than half of consumers’ average monthly salary.
In 2000, at the turn of the millennium, the mobile phone cost an average of £ 72.50 and had fairly limited functions outside of phone calls. You can also send short text messages and maybe play a very basic game – like Nokia’s classic Snake.
Modern smartphones do a lot more than their old school counterparts. They’re basically minicomputers loaded with useful apps and entertainment – it’s safe to say they’ve changed the way people live. The average mobile phone currently costs £ 355, but that goes up dramatically when you look at high-end, high-end devices.
Samsung is preparing to release its latest premium smartphone, the Galaxy Note 20 Ultra, on August 5, and current predictions are priced at £ 1,300. That price tag will put it in the same league as Apple’s flagship iPhone 11 Pro Max, which is one of the most expensive smartphones ever released.
Of course, you don’t have to spend that much money as there is a lot of choice and variety on the market. At the end of the budget, ‘dumb phones’ like the Alcatel 10.66 cost just £ 54, and even Apple’s 2020 iPhone SE is just £ 419, which might sound pricey but is less than half the price. price of high-end devices of the brand.
Interestingly, mobiles in the 90s were actually considered luxury goods, and in relative terms their costs were even higher than what we pay today. The Motorola 3200 was released in 1992 when it would have cost you £ 762, which is now a whopping £ 1,651 when you consider inflation rates. It’s easily more than any iPhone or Samsung Galaxy we’ve seen so far.
Ru Bhikha, mobile expert here at Uswitch, said, “Mobile phones these days do the job of a camera, music player, TV, and computer, but you are definitely paying for it. the price for having all this technology in your pocket.
“High-end smartphones broke the £ 1,000 mark some time ago, and there is no sign of falling prices.
“We pay our smartphones in manageable monthly payments, so it’s easy to forget how much we spend on these technological works of art.
“Although prices for high-end handsets are skyrocketing, there are models on the market for all budgets, with the Samsung Galaxy A10 costing just £ 139 and the iPhone SE offering great value at £ 419. .