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Apple calls 128GB 'lots of storage' in new iPhone 15 ad | AppleInsider
(appleinsider.com)
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I'd argue your counting is flawed. That storage is used for OS, updated applications, caching, system data, videos, music you listen to, etc. When you buy 128GB you never get more than 100, and it only keeps getting smaller the more you use it. And iPhone's default video FPS is 60. See how many of those can fit on that storage.