May 8, 2014
The $20 Smartphone Proves That Trickle Down Economics Works (Tim Worstall, 5/07/14, Forbes)
[L]et us [...] look at a way in which trickle down economics really does work. Which is that new products often start out as baubles, trinkets, for the rich to play with and then it's the great genius of the capitalism, free market mixture that makes them affordable for the masses relatively quickly. Which brings us to this prediction from ARM Holdings:Two factors will drive entry level shipments: the performance of entry-level devices, and their overall cost. ARM believes the floor for an entry level smartphone running Android (today with a single-core Cortex A5 based SoC) is $20, and that we'll see the first devices on sale at that price point in the next few months.The smartphone, as a viable technology, is still less than a decade old.
Posted by Orrin Judd at May 8, 2014 4:30 PM