Is it that bad, though? Apple is selling $1000 iPhones at 70% profit margins with a US market penetration of ~40%. Handwaving some really bad math, Apple will have a trillion dollars in profits from that segment alone over the next 10 years. This discounts worldwide markets and every other product line that they also have.
That 70% profit margin doesn't count r&d, marketing, salaries, services, software, etc. Not to mention that the iphone has significant market penetration outside the us e.g. it's a major status symbol in most of eastern asia, and it has I think 70% market share in canada (!).
Apple barely hits half of a $100B a year in profit overall. They aren’t going to do a trillion dollars of profit over the next 10 years. And are going to be insanely far from that profit level from iPhones in US or otherwise alone.
