I’m not saying Jobs was perfect, but I had a lot of experiences in the Apple Store where they would fix stuff they had the power to fix, because it shouldn’t happen. I had a spec of dust under my screen and they replaced the screen no questions ask, at no cost. I was having a logic board replaced in my MBP and they replaced the screen clutch, just because they noticed it felt loose (I didn’t even notice before they replaced it)… no deductibles or anything.
Modern Apple Care feels much more like health insurance than an extended warranty.
No, they aren't forgetting anything. The magnitude of the issue with the 4 was significantly worse than with other contemporary devices, to the point of rendering it incapable of making a call if you were a lefty with sweaty hands.
AnandTech did a reasonably scientific comparison of the 4 with a few other devices at the time, if you don't believe me.
Very wrong.