I know that's the reasoning, but I think it's a bad way to think about one's personal finances, and it encourages terrible financial habits. Not that it's Apple's job to fix that as opposed to exploit it, but I can't drum up much enthusiasm for features like this.
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Report: 'Apple Pay Later' Likely Delayed Until Spring 2023 With iOS 16.4
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I know that's the reasoning, but I think it's a bad way to think about one's personal finances, and it encourages terrible financial habits. Not that it's Apple's job to fix that as opposed to exploit it, but I can't drum up much enthusiasm for features like this.
I've been a professional programmer for decades, yet I can't convince non-programmers that programmers are not the ones calling the shots.
An iOS update doesn’t require devices to be re-activated. You might be thinking of the iPhone 14 launch, which, like every other iPhone launch since the first iPhone, had reports of activation issues as the servers get hit with millions of people in a matter of a few hours.
A very smart woman I know often says: “Pay now or pay later. It’s usually cheaper to pay now.”
The programmers don't get to decide how often new releases come out and there's only so much you can do within a specified timeframe. Timeframe being too short = rushing and delays.
Only things that are certain for living in America is debt and taxes.
Overall it’s a nice standard of living, given that you are healthy and working to a later retirement 💪🏻
If it’s interest free, why not use other people’s money?
I fail to see the competitive edge for a pay later program that lasts only six weeks. I could get my Apple Watch Ultra from Best Buy and have 24 months to pay if I want.
Ruh-roh, you got a dislike from a contributor
🤣
You're not allowed to bring truth to the RDF
It's not just America, it's consumers everywhere. It's the next step in, "you'll own nothing, eat ze bugs, and be happy."
Unless you absolutely need something in a real health, educational or occupational emergency, financing is just a way to decrease marginal cash flow.
Sun Tsu says the best way to kill an enemy is by another enemy's hands, but this type of financing is even better. It kills consumers by their own hands.
If this is going to be delayed that long, you might as well delay it until iOS 17. Apple will be missing out on the holiday shopping spree.
Hot take: Apple employees all need to be back in the office. Working from home has proven to be a nightmare when it comes to quality software being released.
Hot take: Apple employees all need to be back in the office. Working from home has proven to be a nightmare when it comes to quality software being released.
You can almost certainly point to something when iOS releases have been big...from the building of the new HQ and employees transiting there (bad release of iOS)...to COVID happening (bad release of iOS)...somewhat post COVID - people still working from home (bad release of iOS)!
The underwriting is likely not as strict as traditional store financing.
I think the competitive edge isn't so much "payment type A v. type B", instead it's offering additional options to make it even easier for potential customers to make the purchase.
Unfortunately, I think this is aimed at people who can't qualify for longer financing terms. So they're being tempted with the idea that they can go ahead and get an expensive Apple product now, and then pay for it later, but since "later" is just a few weeks away, all this is really doing is preying on people with credit issues.
Apple never gave a release date so as along as it arrives during the iOS 16 lifecycle I don't see how it can be late.
While BNPL can be a slippery slope, I don't think this is "preying on people"... it's not like customers are being forced into this payment option.
There are plenty of people with horrific debt problems who acquired the debt voluntarily.