Should You Buy The New iPhone?

by Erik on August 20, 2008 · 0 comments

in Budgeting, News, Saving Money

I know you’ve been salivating over the thought of the new iPhone. You wouldn’t wait in line to be one of the first to get one, but now that you’ve had time to think about it, you’re talking yourself into getting the iPhone. Some of you have the OLD iPhone, and you just want the 3G network capabilities. First of all, take a step back for a minute. Gadgets aren’t everything. Your blackberry, Samsung, Palm, or old iPhone is good enough. But, you’ve been caught up in the hype. Apple is the master of hype. They make tech-heads swoon. So, should you buy it? Let’s take a look:

New Features:

  • 3G Network
  • Sync up with Microsoft Enterprise
  • A-GPS and Geotagging
  • Hundreds of third-party applications and customizable skins/software

Price Of The Old iPhone: $399 for 8GB and $499 for 16GB

Price Of The New iPhone: $199 for 8GB and $299 for 16GB

Why The New iPhone Is More Expensive Than You Think

Okay, here’s the bursting of your bubble…

$199 Initial Cost + $10 more for the data plan than the previous data plan + $5 per month extra for text messages that was included in the old data plan multiplied by a 24 month contract. You end up paying $559.00 for the new iPhone, even though Steve Jobs and Apple are marketing it like it’s so much cheaper than the older iPhones. When in reality, You pay $160 more for the new iphone over the life of the contract.

Conclusion

I say wait until Christmas if you want to buy the new iPhone. Apple might lower the price to $149.00. I have no evidence to back this up except for their extensive history of reducing their hefty price tags quickly after they launch new products. It’s definitely better, but the jury is still out about whether the 3G network is TWICE as fast as the old one.

I want to hear from you. For those of you that bought the new one, what do you think? Is it worth the upgrade?

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