The question is is Apple out and overcharging people's budgets for Apple iPhone smartphones?
The Apple iPhone 6S was the last time that you could buy a AT&T Apple iPhone on a 2 year contract. A 2 year contract was for 2 years you could not upgrade to a newer phone. I bought my Apple iPhone 3GS in 2009 and iPhone 5 in 2012 both on AT&T 2 year contracts. It was a way to buy an Apple iPhone for $199 / $299 or $399 for the various sizes back in the day like 16/32/64GB respectively as I remember.
Then came along the end of 2 year contracts. This meant the new installment plans would replace the 2 year contracts. However all this meant was more profit for the cellular wireless companies. Instead of them taking a loss on a smartphone and making up the money on the cellular plan, they would instead receive it directly from the consumer over the life of the installment plan. I was not very happy when I comprehended what they were doing. From the iPhone 5 in 2012 up until 2018 I did not buy a new smartphone. That was 6 years of not buying a new Apple iPhone smartphone.
Fast forward to Apple iPhone X in 2017 when the first iPhone cost over $1000 United States Dollars (USD). That is when it would cost on average $41.67 over 24 months or $33.34 over 30 months on an installment plan. Then in 2018 when Apple introduced the iPhone XS and iPhone XS Max. The iPhone XS is 41.67 for 24 months or 33.34 for 30 months. The iPhone X and iPhone XS cost the same on installment plans apparently. The iPhone XS Max is 45.84 for 24 months and $36.67 for 30 months.
The real question is Apple out and over charging their customers? I for one am not interested in taking out an installment plan with AT&T. Is the cost of owning a smartphone costing more than the consumer/customer is willing to spend? If they are they will see a decrease in the amount of iPhone smartphone sales. The market is saturated with smartphones according to NBC. "Apple iPhone sales are flat as people hold on to their smartphones" according to Alyssa Newcomb, NBC News.
I bought my most recent phone on an eBay auction contract free and paid upfront. This is where the price of the smartphone is not worth the investment into the new technology.
Are you still buying new Apple iPhones like the XS or XS Max on installment plans? Are you tired on the overpriced smartphone? Let me know in the comments below here on Blogger!
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*All prices were accurate at the time of this writing. Prices were researched from Best Buy on AT&T pricing.
https://www.nbcnews.com/business/business-news/apple-entering-dark-chapter-iphone-sales-are-slowing-n954221
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