Not expecting trade in values to be good as usual. Probably better off selling it yourself. There are people who don't like dealing with reselling though so I can see people using this.
Or, "It's just too damn slow!!"I think mindshare is no longer -"oh, a new phone is out I better get it."
It is now, "I cracked my screen" or "my earpiece no longer works".
The same people that were "spending" every time they put $199 down and signed a 2-year contract (and made 24 monthly payments to their wireless company to pay off the phone) every time they got a new phone?
That's been going on since smartphones came out in the early 2000s.
IMO, there's nothing new here, other than the $199 down barrier being gone, and people who don't buy a new phone every two years will actually pay less per month, for the first time ever (on most carriers).
Meanwhile, anyone wanting a new phone will pay monthly for it, just like they did back in the 2-year contract days.
The same people that were "spending" every time they put $199 down and signed a 2-year contract (and made 24 monthly payments to their wireless company to pay off the phone) every time they got a new phone?
That's been going on since smartphones came out in the early 2000s.
IMO, there's nothing new here, other than the $199 down barrier being gone, and people who don't buy a new phone every two years will actually pay less per month, for the first time ever (on most carriers).
Meanwhile, anyone wanting a new phone will pay monthly for it, just like they did back in the 2-year contract days.
A few post ago, @normanfox made the statement 'all of these loans are to fool alot of naive people into spending.'
My response was to that.
I think people buy phones when they buy phones, and I don't think the fact that 2-year subsidizes have been replaced by these 0% APR loans is going to "fool" anyone (naive or not) into spending any more for phones now than they were spending for phones six years ago (when these 0% APR loans didn't exist).
Why make a cheaper phone when you can just make a loan?
You did catch my mistake. Why sell a cheaper phone with a lower MSRP? The BOM is one thing but the retail price is another story.How much lower than $231 (of parts) can they get to keep the ~75% profit margin going?! Eventually the cost has to be consumed by the customer. Can't reduce wages forever to compensate or else one won't have customers to buy this disposable anymore either, especially if one wants to keep the huge profit margin - unless those at the top took a hit to help lower costs too?
http://www.gizmodo.com.au/2015/10/how-much-does-it-cost-apple-to-build-an-iphone-6s/
It depends on the condition. If it's in good condition they re-sell it. If not, they trash (recycle) it.They buy my phone to destroy it? Interesting business model. I don't think it has $100 worth of material in it.
I always thought they sell it as a used phone somewhere else in the world
128 GB actually64GB or 128GB? Apple one is for 128GB = 950 - 100 = 850/24 = $35.42
I just don't understand the background to your point 'all of these loans are to fool alot of naive people into spending'.
How are these loans (like Apple's new Trade Up program) going to fool people into doing that?
What's the time period for it? AT&T often quotes the monthly cost for 30 months, while Apple seems to quote for 24 months. If that's the case here you may only be saving 5 cents per month, but you're paying over 6 fewer months, which comes out to a bit over $200 at the price you quoted.My ATT installment for iPhone 6S plus is $35.42 without a trade in. So an iPhone 4 trade in could have saved me $.05 per month. ?