This comparison seems fairly fantastical and irrelevant. Something from within the history of consumer electronics would be more useful to consider, in my opinion. For example, in 1982, the wildly popular low-end home entertainment computer, the Commodore 64, was released at $595, or about $1500 after inflation adjustment. On release in 1977, the Apple II was $1298, or over $5000 in today's terms. You could pay $400…
In the early 50s, much pf Europe and Asia was still rebuilding from war, and the US held an effective monopoly on multiple industries.
From the data I could find for 1952 in the US, a house was 5 years of income and a new car was half a year's income.
For many people in the US today, a new car (post tax dollars) is either completely unattainable (multiple years of income) or a complete joke (one month's income).
The numbers are different for 1982, but still closer to the 1952 US situation than today's 2017 situation.
So, I guess what I am trying to say is that $1,000 for a phone is still fabulously expensive for 99.3% of the world today who aren't millionares.
EDIT :
Thank you for your insight :)
I am thinking that maybe I am just very different from most consumers, or that our definition of "afford" is very hazy.
I am writing to you either from my $50 cracked screen wifi only iphone 5c, or my $40 2009 lenovo thinkpad running lubuntu.
What is strange to me is that I'm not buying this because I am price sensitive, but rather because "it is enough for what I want to do".
I have a hard time believing that a large percentage of the US market will buy an iphone X. Or if they are buying it, then they don't fit my definition of "affording it". Here's why:
Just 36.8% of US adults have a networth of over 100k.
That means 63% of US adults would be spending more than 1% on a mobile computer (phone) that is not very much different from a $300 phone. How many of these users will Apple capture?
Additionally, many people's net worth in the USA is tied up in real estate or retirement accounts. So these funds are not available to be spent, and it manifests itself in the following stat:
In 2016, 63% of Americans said they could not come up with $500 to cover an emergency purchase.
So, tons of americans can't even afford basic expenses, let alone luxury phones.
That is why I feel this is a millionaire's phone only.