[Theodores]

We saw this before with personal computers. So I don't know what you can't see with the phone situation. PCs are now a commodity item that has razor thin margins and any from the last decade are fine for everyone except for developers and gamers. Phones are now the same, everyone has got one and they get replaced when people drop them badly, misplace them, get them stolen or if they come off a contract. But that contract model is dying as people don't think that it is worth buying them in the way people paid for TVs in the 1970's by instalments.