This is a great example, because if Apple had launched the iPhone SE in 2015 at $10,000 alongside their $199 6S, it would have bounced like a bad joke, and probably only a few wealthy people would have bought them.

So in one sense, yes, tech has gotten cheaper, but in another sense there's a limit to how much deflation can really be stated because you can't say someone buying a new iPhone in 2020 is saving $9000 relative to what they would have spent five years prior. They wouldn't have spent it.

There's also a recent inflationary trend in tech, in that old computers actually slow down due to the growing CPU/memory demands of software and web apps to deliver more or less equivalent value to what they used to.