New iPhone and Samsung phones are initially priced high to reflect their cutting-edge technology and high demand, but prices typically drop after a few months as supply increases and competition .
High demands When a new phone is launched, there's a surge in demand from early adopters and those eager to upgrade, allowing manufacturers to set higher prices initially.
price drops after few months
Increased Supply: As time goes on, production ramps up, and more units become available, leading to a greater supply in the market.
Competition: Other manufacturers also release new phones, creating competition and forcing prices down.
