system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5 Why I can buy a new TV for $300, new tablet for $500 but a new phone costs $700?
gpt
A new phone does not cost $700 dollars. *Certain* phones cost $700 dollars, just like there will also be high end TVs that cost $2000 dollars and low end phones that cost $30. And those high end phones cost that much because that is how much people are willing to pay in that market segment.