Taxi medallion to "The Washington Post", medallions were "the best investment in America", but—due to increased competition from app-based car services and transportation network company growth from companies like Uber and Lyft—taxi medallions are now decreasing in price. In 2013, the price of a medallion was $625,000. In 2014, that price had risen to around $700,000. In 2014, a medallion was worth nearly $700,000. The total value of all medallions and assets related to them had a value of $2.5 billion in Chicago in 2013. In 2012, medallion prices ranged from $87,000 to $385,000. In 2015, Chicago's average medallion price was under
Smartphone a stylus, keyboard, or keypad typical for smartphones at the time, in favor of a capacitive touchscreen for direct finger input as its only input type. The iPhone was "not a smartphone by conventional terms, being that a smartphone is a platform device that allows software to be installed," until the opening of Apple's App Store a year later, which became a common means for smartphone software distribution and installation. The first iPhone also faced criticism for not supporting the latest 3G wireless network standards, but was praised for its hardware and software design, and its June 2007 release was