Well let’s see:
> Plenty of younger people are already reverting to more primitive phones or physical media, and I wonder if it's just older addicted richer millenials that'll keep buying at even more than the already idiotic prices.
You don’t sell as many iPhones as Apple does if your market is only as narrow as “older addicted richer millennials” and your most expensive products in your flagship lines don’t fly off the shelves if they’re not already at some level of affordability. Under today’s prices, and this is due to change per Tim Cook’s comments of course, but under today’s prices the iPhone Pro line starts at $1099 and $1199 for the Pro & Pro Max line specifically, which you can get down by trading in an older phone, looking for a deal (prices in the channel are often discounted by $100 or so below Apple’s list price) and can be financed through either the carrier or Apple.
Now you can get that price up to $1999 if you specifically go for the Pro Max 2TB option, but the existence of a 2TB option doesn’t mean that’s the default option for most people. You can also get that price as low as $599 if you forego the flagship models entirely, and again, that’s Apple’s list prices, not necessarily prices in the channel.
I think your frugality is great, and if there’s some young people behaving more frugally, that’s also great. I haven’t upgraded my phone in about 5 years and don’t anticipate doing so this year either, but your remarks don’t read like they were sourced from real observations of either the American or the International markets, and in fact read like an eye-rolling generalization about millennials. Such as this:
> the likelihood seems low that significantly increased prices for effectively the same (boring) product would be absorbed by anyone other than the richest or older established crowd
1) we don’t know what Apple’s prices are going up to yet. They haven’t announced any actual price increases, so we also don’t know how significant the price increase will be. Naturally we should expect sales to be hurt by any price increase, but it’s a bit premature to overstate their significance.
2) their most recent iPhones were not so boring that they didn’t fly off the shelves at a pace Apple couldn’t anticipate because they sold well above expectations, and that is specifically the flagship models. Now it often follows that the following year’s model is more “boring” by comparison, but the view you take their new products is not borne by market evidence.