Full FeedCheaper iPhone will cost you more
For those of you rejoicing at the sound of the 3G iPhone price crashing to the ground, don’t get too excited just yet. Although the price of an 8GB iPhone has dropped considerably, the price of a 2-year contract with AT&T has gone up $10, from $60 to $70 per month. Over the two years of your contract, you will be spending a whopping $240 more than you would with the original plan. And, to pour salt in the wounds, that $240 just happens to be $40 more than what you originally saved on the purchase of your new 3G iPhone.
And, for those of you who want to just buy an iPhone and crack it, good luck with that too. Yesterday, I reported you will be required to purchase a calling plan at the time of your iPhone purchase, neither of which can be done online.
So, very sorry to burst everyone’s bubble, but it seems the 3G iPhone won’t be so affordable, despite what Steve says.
Via [FOX News]
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If you think about it, AT&T;is floating you a loan for $200 and you pay $40 interest amortized over 24 months. At that time, you won’t continue that contract, but sign up for a new one when you purchase the 4G (LTE) iPhone.
on June 11, 2008 at 05:20 PM - LINKTwo other things to consider:
1. The cost is still comparable to competing products that include the same features (web access, text messaging, etc.).
2. Many purchasers will shy away from a $400 up front purchase for a phone, but will happily spend $200 up front for a service that will cost them more monthly.
So, although this looks like a bad deal to current iPhone owners who see cheaper phones than what they paid and higher rates than what they’re paying, it’s designed specifically to bring in new customers…which it will.
on June 11, 2008 at 06:00 PM - LINK