I don't see why people feel the need to own $700 phones. I bought a $150 android smartphone and it runs everything I've installed from the google play store. Angry Birds Space runs smoothly. It's more powerful than the best phones of only 3 years ago, and in another 3 years you will be able to buy a low-end phone for $150 that will be more powerful than the best phones of today. If only well-off people bought $700 phones and bought them outright, we wouldn't have these ridiculous 3 year contracts, but the telecoms have managed to convince the masses that everyone needs a high end phone. I wouldn't even buy a car on a 3 year contract.