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Of the half-dozen or so personal acquaintances I know who have bought iPhones (including myself), only one is under the age of 35. This struck me as unsual. I haven't seen any hard numbers on iPhone buying patterns, but you'd think that something as high-tech as the iPhone would primarily appeal to the younger crowd. So why are old fogies buying iPhones?

There are a number of reasons. For instance, the iPhone is not cheap. (I refuse to say it's expensive, because it's not when you consider what you are getting.) Young people usually have less income than older folks, so while a ton of youth are currently lusting after the iPhone, it may take a while before they can save the dough to buy one. (It was genius of Apple to release the iPhone early in the summer -- just think of all the high school and college kids working this summer so they can go back to school in the fall with a gleaming new iPhone!)