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Consumers Unlikely To Pay $500 for iPhone

Posted by Zonk on from the that-is-a-mighty-pricey-phone dept.

narramissic writes "A survey by online market research firm Compete Inc. finds that of the 26% of those who said they're likely to buy an iPhone, only 1% said they'd pay $500 for it, while 42% said they'd likely buy the phone for $200 to $299. Sixty percent of likely iPhone buyers would be willing to make the switch to AT&T wireless to get it."

5 of 412 comments (clear)

  1. Wait a sec. . . by TimmyDee · · Score: 4, Interesting

    So only 1% would purchase it at $500, but a full 60% would switch to Cingular to get it. At what price would they switch? $299 or $499? Summary doesn't say, nor does TFA.

    Sloppy.

    --
    Per Square Mile, a blog about density
  2. I really don get it by falcon5768 · · Score: 4, Interesting

    Why is 500 for the iPhone too much, when its 450 for the Motorola Q and its a terrible phone that people still buy?

    --

    "Slashdot, where telling the truth is overrated but lying is insightful."

  3. Re:Well then? by SengirV · · Score: 4, Interesting

    A hair less than those who said they wouldn't buy an MP3 player for $400 when the 1st generation iPod was released.

    --

    Prof. Farnsworth - "Oh a lesson in not changing history from Mr I'm-My-Own-Grandpa!"

  4. No, you won't see an iPhone for $300. by Fred+Ferrigno · · Score: 4, Interesting

    If they drop the price that low, it'll put the iPhone into direct competition with the high-end iPod (currently $350). Since the iPhone has more features, a cheap iPhone has the potential to cannibalize iPod sales. That's no good for Apple because lowering the price means lowering the iPhone's profit margin at the expense of high profit iPods.

    All signs indicate Apple's trying to position the iPhone a step-up from the iPod, not a replacement. I really doubt it will ever drop below the price of the most expensive iPod, even with a contract.

  5. Re:Inflation depends on how you measure it by edwardpickman · · Score: 3, Interesting

    well you're both wrong. The dollar has lost about a 1/3 of it's value compared to more stable currencies like the British pound. It's lost 25% of it's value compared to even the Euro which was 1:1 at one point. The problem is the world economy is based on the US dollar so we don't notice the change as much as other countries. Things haven't gotten much more expensive here but they are cheaper in some other countries. Economics are complex and hard to put in simple percentages. People in the US mostly notice the difference when they travel. You get a room in England for 75pounds a night but you wind up paying $150 a night US. I lived in NZ for awhile and all the locals found electronics expensive but they were roughly the same price to me once I made the currency adjustment.