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Why You Don't Want a $99 Xbox 360
itwbennett writes "Peter Smith has done the math on Microsoft's $99 Xbox 360 — 4GB model (no hard drive) and a Kinect sensor. Here's why it's a bad deal: 'You'll be paying $99 + $359.76 in monthly fees, or $458.76 over the course of two years. Compare that with (I'm using prices from Amazon that were accurate as of May 7th, 2012) $287.70 for an Xbox 360 4GB + Kinect bundle, and two 12-month Xbox Live Gold cards at $48.41 each, a total of $384.52. So you're paying almost $75 for the privilege of laying out small cash now.' And then there's the not insignificant matter of early termination fees."
Two small corrections:
1) If you take walmart prices instead of amazon (more representative as it's store-vs-store) it's actually a $50 savings.
2) it works out to 6.25% apr (yes it'd be 12.5 over two years but the annual interest rate is the proper comparison to credit cards/other financing)
Some games require 1 to 2 hours just to get through the opening cut scenes. In the Nintendo 64 era, there were problems with The Legend of Zelda: Majora's Mask because its roughly 90-minute start-to-save time exceeded many households' 60-minute maximum play sessions. Games with "Dead" or "Solid" in the title can have long times between save points as well.
Because poor people need an xbox NOW, and can't wait a couple of months, right?
This isn't food, of a roof over their heads, it a video game console!
Which actually is something the poor need far more than the rich.
Seriously, I earn a decent living. As a result, I like to spend my weekends skydiving, and my vacations renting a house for a week at the mountains. I remember when I didn't have any money (relatively speaking, I know there are truly poor people out there who don't have a roof over their heads), and spending time glued to my TV playing video games was a reasonably cheap form of entertainment.
Entertainment is a human necessity. Food and a roof over your head keeps you physically healthy, entertainment keeps you mentally healthy.
Because poor people need an xbox NOW, and can't wait a couple of months, right?
This isn't food, of a roof over their heads, it a video game console!
Which actually is something the poor need far more than the rich.
Seriously, I earn a decent living. As a result, I like to spend my weekends skydiving, and my vacations renting a house for a week at the mountains. I remember when I didn't have any money (relatively speaking, I know there are truly poor people out there who don't have a roof over their heads), and spending time glued to my TV playing video games was a reasonably cheap form of entertainment.
Entertainment is a human necessity. Food and a roof over your head keeps you physically healthy, entertainment keeps you mentally healthy.
The Amish seem to be doing just fine.