The Best Ways to Finance Your New iPhone 8 or X
It’s been over 10 years since the iPhone’s inception, and in the eyes of many, it’s become an institution in its own right. Exhibit A: Apple was the smartphone industry’s “big winner” in Q3 of 2016, with over 100 percent of smartphone industry profits, according to a report from financial services provider BMO Capital Markets. (FYI: This is possible because other smartphone makers lost money during the period.) As for this quarter? The average selling price of smartphones had been declining for six years, but models suggest it will rebound in 2017-2018, fueled by the new iPhone models.
That’s good news for the business, but how about for consumers? The iPhone X retail cost ranges from $999 to $1,149, depending on storage, the iPhone 8 will set you back $699 to $849 and the iPhone 8 Plus rings in at $799 or $949. If you’re set on purchasing the new model but don’t have that amount of upfront cash to spare, we did the legwork comparing iPhone financing options with Apple, AT&T, Verizon and T-Mobile. Note: There are many similarities, but a few important differences, which is why we're giving them to you one by one. It's not necessarily that one is the better deal than the other (unlike the service prices, which vary widely) — it's just that the terms are slightly different.
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Release a new iPhone and charge $1000 for it.