Apple Announces New Trade Up With Installments Program (betanews.com)
Mark Wilson writes: Today, Apple launched a new program called Trade Up With Installments, which makes it possible to upgrade to the latest iPhone in a more affordable way. As the name suggests, this is more than a straight trade-in program - upgraders can use the trade-in value of their old handset to reduce on-going monthly costs. This is something that will appeal not only to people with older iPhones who are looking to get their hands on a newer model, but also ex-Android fans. Apple is opening up the program, so Android handsets can be traded in and their value offset against the cost of a new iPhone. Windows Phone handsets are also eligible. Trade Up With Installments is slightly different to the existing iPhone Upgrade Program and trade-in option. After handing over your old handset (be it iOS, Windows Phone or Android powered) for part exchange for a new iPhone, you'll then (assuming you qualify) be extended credit and allowed to pay off the remaining balance over 24 months.
I want one BAD!
I know, it's been done before!
Then pay monthly for 2 years for your paper weight...
I got suckered into a Sprint iPhone Forever plan. "You can always upgrade to the latest iPhone for no charge."
1. You don't own the phone. You're only leasing it.
2. You're paying way more for the phone over its life, even if the monthly payments are relatively small.
3. You don't qualify for the advertised $5/month, you have to pay $10.
4. The buyout, after paying $400 in leasing fees for the phone is huge!
5. You bill doesn't go down at all, it goes up by a few dollars a month.
6. Rampant "surcharges" still exist.
But, you can have a new iPhone in a year or two. So there's that.
I could see people trading in Windows Phone for an iPhone. Not because the iPhone is more usable (many Windows Phone users would argue this isn't the case) but because of the iPhone's richer ecosystem and brighter future. But trade in an Android for an iPhone? Maybe carrying a high end Android phone colors my judgement, but I don't see why anyone would want to do that. Heck, just being able to open the phone's internal storage and SD card in a browser without having to funnel everything through iTunes is worth sticking with what I have. Not to mention, the fact that it takes an SD card, supports widgets, supports sideloading, has a user replaceable battery, and all the other usual stuff.
I think a legitimate question would be, what happens with all those traded-in phones every time Apple comes out with some incremental improvement? I would hate to think it just ends up as electronic waste. (I'm not trying to make a point here; I'd really like to know.)
Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
So instead of a $600 iPhone (that cost a fraction of that to make), I get to pay $1200 over the course of 2 years... what a deal.
This is the kind of predatory crap I expect from a loan shark not from... oh wait, nm.
My eyes reflect the stars and a smile lights up my face.
If a 7" butt plug rattles around, trade it in for a 12.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
I thought poor people were supposed to buy the iPhone 5C? How am I supposed to know who's poorer than I am if everyone has the latest iPhone?
I remember buying a Macintosh Plus in the 80's on some kind of Apple furnished credit. I forget the credit plan it was called though.
This comes two months after I just paid a small fortune for a iPhone 6s. It's a good enough phone, but man was it expensive!
If telephones are outlawed, then only outlaws will have telephones.
How easy it to stay up to date with iPhone? Easy, just own something like a 4S or newer. iOS 9 runs great on a 4S given its age. Now you can even upgrade easily with this new program if you want something like the latest camera hardware or a little bit more CPU speed. What can Android say to this? What a year or more to maybe get the latest meanwhile enjoy all the bugs and security wholes? Android = fragmentation hell. Unless you wanna pour out all your money for a brand new Nexus device. This is why I own an iPhone.
Hey now, I'm still on security partials. I haven't had time to upgrade.
With built in Goatse. Only $99 a month and your soul.
A very short while ago this was not on the top spot as a new story and was in fact a paid advertisement. It even said "paid post" and was in that brownish orange color. Now it's this. WTF?
Brought to you by Carl's Junior.
I wonder part of the motivation for this plan is to get all of the older "hackable" iPhone models off the market before Apple is asked to break into another one.
Apple is giving you 24 equal, INTEREST-free payments. They aren't charging you 100% interest as you claim, they are charging you 0% interest.
That makes you 100% a liar.
Must....have....new....shiny...
Clearly I'm out of touch with reality or fashion or consumer desires.
I'm fascinated by how deeply people covet a new gadget like a phone. Is it a status thing, or do they feel some sort of ego-deflation if they aren't carrying the latest phone/tablet/whatever? Is it a fashion thing, or do people feel like a lower caste when they aren't carrying the newest shiny rectangle?
I mean, if you want to, that's great, more power to ya, but it seems a little neurotic to me. It always astounds me that people will wait in line to buy the newest phone.
Couldn't they just wait a day or two? Do they have to buy one on the first day? Do they feel some kind of shame if the store sells out before they can buy one? I mean, yeah, the iPhone is a cool gadget and a great phone, but the attention paid to it (and other gadgets) seems to border on religious fervor.
Okay, okay, I realize I'm an outlier when it comes to this stuff. For me, when I go to buy a gadget like a phone and I find that I really like it, I'm always tempted to go buy another identical one and put it away on a shelf somewhere because I know that when the current one breaks I'll be unable to buy another one just like it. I just want to find something that works and that I like, and use it for as long as possible.
What's with the "upgradeitis" that so many people appear to be infected with?? Is the new phone or whatever really going to be that much better?
Just cruising through this digital world at 33 1/3 rpm...
Hmm I smell desperation from the apple camp..
Just admit, abide, and stand aside. ANDROID IS HERE
is this in reaction to the notion that android is #1 in the env..
Is it because, Apple has lost sight of the real value of their own products, their own values, and or their own relevance???
I usually see this from companies whom are about to go out of business, looking for a last-ditch attempt to gain traction..
And based on the latest security spoof against the ifone, I would not be suprised if this is infact an act of desperation?
moving forward why wont apple fix their current state of affairs.
forget penetration, lets talk about stabilization
1) you visit the iphone sales man and he offers you a choice of two envelopes which contain a trade in rebate for your phone.
2) he tells you one of the envelopes has a rebate 2 times bigger than the other one.
3) you pick one at random. And before you look inside he says you can switch if you want to.
If you think this though it's clear you should switch. Imagine there's $100 in the envelope. You had a fair choice so with 50-50 odds the other envelop has $50 or $200. The expected value of switching is the weighted odds of the payoff minus the cost of giving up the $100 you have now. That is to say
50%*$50 + 50%*$200 - 100%*$100 = $25
Thus clearly the expected benefit to switching is $25 dollars better than you have now. so you switch.
Now it doesn't really matter what the value in the envelope is. Maybe it wasn't $100. Even so whatever it is, the math says switch cause you gain 25% of whatever is in there. So you don't actually have to look in the envelope to want to switch. It's always a net expected gain to switch.
Now suppose you dind't look but after switching you do look inside and you see the $100. You now do the same math and clearly yyou should switch back for that $25 expected gain.
4) the salesman says sure, you can switch back, but there will be a $24 fee to do that. Even so, it's still a net expected gain of $1. So of course you will pay to switch.
5) you switch, and boo hoo, you see there's a $50 in there. Bad luck. But no worries. The sales man says he has another envelop that has either 25 or $100 in it and for th small fee of 12.50 he will let you try your luck. .....
Some drink at the fountain of knowledge. Others just gargle.
...then strongly consider purchasing a cheaper phone. Maybe go refurb or buy last years model for instance. But don't get sucked into the constant upgrade cycle that marketing leads us to believe is inevitable.
that you derive some holier than thou pleasure by pointing and laughing at other people's consumerism.
Presumably you don't indulge in any non-essential spending in any phase of your life, right? You live in a grass hut, drink spring water and you're nourished only by your own sense of self-satisfaction.
Different people choose to spend their money on different things. Just because someone gets a rush of anticipation at some new technical gadget doesn't mean it's ego-driven or caste-based. Just like when you buy whatever douchey shit you're into doesn't mean that you are doing it for elitist reasons.
What does make you an elitist is looking down your nose at everyone else. It also makes you a dick.
Okay my brain just went BANG! I'd say that was impossibly wrong reasoning except there doesn't seem to be any flaw at all.
Trade-in programs are never worth it. They're always designed in favor of the house - you are much better off just selling your device on ebay, craigslist, or swappa.
Frankly I don't understand why people keep buying iphones. They're not the best devices on the block anymore.
BeauHD. Worst editor since kdawson.
Only been used in mass murder once, never unlocked.
Phone "handset?"
If you think about it, that might explain why everyone on Earth doesn't buy exactly the same things you buy and live exactly the same as how you live.
but megapixels, and regular pixels, and games, and facebook... if i'm not playing candy crush at optimal efficiency and taking 4k hd pictures, i don't want to live on this planet anymore...
You're doing it wrong. This is the entire problem with America wrapped into one article. I sounds argue I'd your buying a car on installments you're doing it wrong unless you're buying a 3000 dollar car on installments bevies you literally need transportation and don't have a few 1000 dollars. You shouldn't be buying a 45k car over 5 years if your can't afford it out right but something cheaper.
Anything still working will be resold into secondary markets--everything else is recycled as best as possible.
JJ has a boner the size of Mecca for Cook.
Ha ha
I financed my Nexus 6 just fine; does your carrier not offer 0% financing and a fair-value trade-in program?
APK quotes people (including myself) without context and should not be trusted. Just thought you should know.
Mythbusters done did it.
my carrier doesn't offer nexus devices at all, you insensitive clod!
Mark Wilson : Slashdot
You don't have your choice of carriers? I weep for you.
now maybe if they could make a phone I could use with more than 2 of the 4 major carriers here in the US I'd be interested. If you're gonna gobble $700+ from me I at least want to be able to change carriers at the drop of a hat, but every time I tried with my kid's iPhone there was always some little feature of this or frequency of that that prevented me from doing so.
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
What an easy way for Apple to jack up device prices. Plus they can enter the "credit" market.
Someone realised that their product will not sell like hot pancakes any more and offers discounts in a way you can't really say it's a discount!
Your math is either wrong or unexplained. Why would you take ratios when computing the gain? gain is an absolute amount of dollars
Subscriptions were a way for people to pay for phones monthly but such subscriptions are dead for most people (at least here in France where I pay 10 euros a month for 20G of 4G and unlimited calls/sms/mms) which means that Apple needs to find a new way to get people to be able to afford their phones.
In this way apple can continue to charge ridiculous prices by allowing people who can't afford the phone outright (or who go into brain freeze when presented with the full price) to spend more than they should on something that they don't actually need to spend so much on.
blindly antisocialist = antisocial