The iPhone 7 is a smartphone designed, developed, and marketed by Apple Inc. It was released in September 2016 and features a new home button, water and dust resistance, and a dual-camera system on the Plus model. It was also notable for removing the 3.5mm headphone jack.
if you buy an iPhone 7 they're not selling it to you at the full rate
""The speaker uses the iPhone 7 as an example to discuss how technology prices have evolved, arguing that despite increased complexity, modern phones are not more expensive than older models when adjusted for inflation."