Over the past few years, there has been a significant shift in the pricing of cell phones. A device that was once considered a luxury item for the privileged few has now been commoditized, making it an affordable necessity for everyone. Today, cell phones are so cheap that it's no longer the question of 'if' but 'which' cell phone you should buy.

Driveways behind this major price drop include innovation, fierce competition, and advancements in technology. Mobile companies have continually sought ways to stay ahead of their competition by introducing low-cost models that feature the latest technology. Eventually, brands that were known for selling expensive phones also had to introduce budget-friendly phones, causing the prices to contract further.

The technological advancements have played a considerable role in the drop of cell phone prices. With mass production, the cost to produce each individual unit has dramatically decreased. Also, many features that were only in premium phones a few years ago, like high-resolution cameras and fingerprint sensors, are now commonplace in budget phones, thanks to the cheaper manufacturing processes and materials.

Moreover, the advent of smartphones and their subsequent popularity have played a significant role in flooding the market with low-cost devices. These gadgets are loaded with features and are also available at a relatively pocket-friendly rate, leading to increased accessibility and adoption of cell phones globally.

However, another crucial factor that has contributed to the decline in cell phone prices is the second-hand or used phone market. With new models constantly hitting the market, consumers often sell their old models to upgrade to the latest ones. This creates an ever-growing market of high-quality used phones that cost significantly less than their brand-new counterparts.

This reduction in the price of cell phones is undoubtedly a boon for consumers. It has not only made communication easier and more accessible but has also allowed the integration of technology into daily lives. Today, smartphones are used for a variety of purposes beyond just communication- education, shopping, banking, health monitoring, and more. This manifold increase in utility has been made possible primarily because they are now so affordable.

However, it’s salient to note that despite the general decline, the price range of mobile phones remains broad. Top-tier models from brands like Apple and Samsung continue to be sold at premium prices. But simultaneously, there's a wide selection of cheaper models also available – making cell phones accessible to all, regardless of their budget.

In conclusion, the affordability of cell phones today is a testament to technological advancement and the power of market dynamics. As we move forward, prices are likely to lean towards becoming even more economical, reaching more consumers and transforming more lives. One thing is sure; cell phones have firmly cemented their place as a cheap and accessible commodity, no longer a luxury for the few.