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CUPERTINO, CALIFORNIA - SEPTEMBER 10: Apple's senior vice president of worldwide marketing Phil Schiller talks about the new iPhone 11 Pro during a special event on September 10, 2019 in the Steve Jobs Theater on Apple's Cupertino, California campus. Apple unveiled new products during the event. (Photo by Justin Sullivan/Getty Images)

It is almost conventional wisdom that the older model iPhones tend to malfunction around the same time the new iPhone releases.  Many would say it’s part of the life span of technology that it only lasts a few years.  With the current price of iPhones along with other smartphone competitors, such as the Samsung Galaxy and Note models, going for $700 to $1,100, is it really worth the investment?

What else would you pay $850 for and be comfortable with it breaking or not working after 2-3 years?  Do you believe it to be true?