Who cares, all software that runs on hardware is NEVER owned by you, unless you’ve written it yourself (and even then it’s just a question of licensing structures). Then why worry about the hardware?
I bought an iPhone SE last year (definitely didn’t want FaceID) for $448, I expect it to last about six years, that’s 72 months. €448/72=€6.22. After six years, your iPhone is worth very little, so if Apple wants to lease me an iPhone SE for $6/month, why not? Even for $7/month I would consider it as I expect to get a replacement by the time the battery breaks. If they want €10+/month then I say fine, I’ll buy one. After all, I really don’t need a new iPhone every year (or two).
I like that there are more options, which means that you can make choices that suit you. Of course that doesn’t mean that everyone makes the ‘right’ choices, but whether you learn from it or you don’t learn from it, in the end it doesn’t matter that much…
After all, there are plenty of people who do everything on their smartphone and don’t actually have a computer at home, then I can see the advantage of ‘renting’ an iPhone for a fixed amount per month if you still want the latest top model every year. Am I that kind of person, no, are there enough of those kind of people? Yes.
Ownership of physical things is a lot less certain than people think, a lot of things can happen in life so that things that are ‘yours’ are no longer yours or are effectively destroyed. And that’s from a collector who’s spent his whole life collecting just about anything…
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