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Assuming 2% inflation for 4 years, the inflation adjusted price of the 6S is $702. The 11 is actually cheaper.

Coincidentally, I almost broke down and bought my first ever iPhone simply because the 8 is the only phone with a reasonable screen size that can still be bought brand new.

Those are not useful parameters to compare. Even if they were, consider prices of flash memory in the same timeframe, and the answer is yes.

I see the error of my ways now.