“Not only is the cost of chips reduced but fewer chips required, thus the cost of goods decreases.”

But this statement has nothing to do with the iphone models. This would only be accurate if ONLY the processor changed from model to model and nothing else. How do you expect Apple or Samsung or any other company to keep adding features to a cell phone and have the cost go down? You aren’t comparing apples to apples here. You are drawing a comparison between a technologically superior product that has more bells and whistles than just a faster processor and more transistors, like Moore’s law supports.

“you have since the beginning of the industrial revolution received more and more bang for the buck”. How have you not received more bang for your buck? The question is whether or not it is worth it to you. You are getting a computer in your pocket that is more powerful than the one that was first desktop at a fraction of the cost. Not only it is more powerful from a processing standpoint but also has a TON more features. Yet for some unknown reason you want it to cost less than previous generations. Look at my previous post and you will see that yes, indeed the cost of an iphone model has gone down over time. In fact the intro price for an iphone has essentially remained the same from the model 3 to the model 5 (all that the link shows) over the span of years. And for all of that, not only has there been an increase in the processing capability (Moore’s law) BUT ALSO an increase in the capabilities and other incorporated technologies. So yes, you have gotten more bang for your buck. You could buy an iphone 3 for the same introductory price as an iphone 5 (~$650) and received much more bang, such as processing speed, cameras, etc. in the later model than the earlier model.

For those who want some comments on wives’ attractiveness, please post here a revealing photo of your wife on Friday night. We’ll give Buzz a weekend of hits he’ll love.

I doubt mother AND mother-in-law will ever approve that!

Can you imagine? Omg!

“This is some weird shit” – GWBush

Moore predicted in 1965 that technological innovation would double the number of transistors in an integrated circuit every two years without raising cost. Not only is the cost of chips reduced but fewer chips required, thus the cost of goods decreases.

For most, if not all technologies, you have since the beginning of the industrial revolution received more and more bang for the buck. Be it solar power, sequencing of your genome, computing power or battery performance.

Again, the Iphone is not a widget as much as a luxury item. It has a premium pricing in order to encourage favorable perceptions among buyers (and to generate a fantastic margin for Apple). The Iphone is what Bang & Olufsen was to TVs in the 80s (just much smaller).

You do realize that Moore’s law has nothing to do with price? According to wikipedia (I know, not the best source for this kind of thing but it still gets the job done…), it is the observation that the number of transistors in a dense integrated circuit doubles approximately every two years. Sure there are arguments that this ‘law’ is coming to an end (https://www.technologyreview.com/s/601441/moores-law-is-dead-now-what/) but that still doesn’t guarantee a lowering in price like it seems you want it to. If the iphone 7 or 8 or X has some multiple greater processing power than the iphone 3, then that supports Moore’s law: the iphone has stayed in generally the same dimensions from the model 3 to the model 8 even though the processing power of it has increased dramatically, i.e. there are much more transistors on the same integrated circuit. Said another way: to build an equivalent model 8 from model 3 technology it would require a much larger phone. That is Moore’s law at work: an increase in processing power for an equivalent sized integrated circuit.

There is nothing in Moore’s law guaranteeing a decrease in cost for a widget with greater capabilities. Generally the cost of EQUIVALENT goods go down with costs over time, which is why the rotary phone is cheaper today than when it was first introduced (I don’t have any stats on that). But, that is generally due to economies of scale and manufacturing improvements and more competition. I just don’t think it is sound or prudent to conflate the cost of a new widget with greater capabilities and its cost and Moore’s law.

No need to worry. I have no need for luxury items, unless Citi (ATT) is willing to help out.
Apple is unique in that you pay a premium price for a luxury brand. Accordingly they focus on design and create marking buzz with technologies like “face recognition technology”. Password of finger print recognition has worked pretty well for a few billion users.The first three generations showed great overall improvement. The last five, not so much. The underlying product is aging and from that perspective prices should normally go down.

Moore’s law is slowly dying (or as Randy would say “going inactive”).

I miss my Nokia flip phone so much 🙂

Regarding bitcoin. I am not buying it. Along with the other shit that spun off from this technology some mysterious dude invented. Hope you don’t get your coins hacked, CFPB won’t help you 🙂 I am going to sit this one out. Best of luck to you!

Oh dear God nooooooooooooo!

This is the best Bitcoin article I’ve read
https://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/

Havent iphone prices gone down over time? Granted it is an old statistic but here is a look at how the 3-5 models of the iphone have gone down with time. http://www.asymco.com/2013/08/12/how-will-iphones-5s-and-5c-be-priced/

How can you possibly expect something that has more ‘bells and whistles’ to be priced cheaper than its predecessor? That’s like saying that 4k TVs should be priced cheaper than cathode ray tube TVs because of ‘Moore’s law’. It takes time to drive prices down from an equivalency standpoint. If you don’t want cell phones to reach 1k then dont buy one with face recognition technology or super high def cameras or fast processors (the real impact of Moore’ law….). Go buy a cheap Motorola flip phone or stick to your rotary phone for $10. Just don’t complain that costs are going up but fail to mention all of the technological advances that come with the higher price tag.