Combating the Rising Costs of the iPhone

The iPhone is certainly one of the most popular mobile devices on the market today. Not only is it considered to be a status symbol in terms of technological savvy, but its various innovative applications offer users a host of amenities.

The only drawback is that the price of this phone is prohibitively expensive for those who are on a limited budget. Are there any ways to overcome this hurdle? Let’s examine a handful of methods which can enable the average buyer to enjoy what this phone has in store.

Patience is a Virtue

This method has likely been utilised since the first smartphones entered into the marketplace well over ten years ago. Many buyers will simply wait for the new version to be released to the general public. As a rule of thumb, the cost of previous variants will fall precipitously. We should also point out that while there may be some major changes in newer versions, the functionality of previous models is always intact. This is particularly relevant when we consider that the new iPhone is expected to incorporate AMOLED technology; causing a dramatic rise in production costs (1).

Third-Party Online Portals

One of the many advantages associated with the Internet is that it is now possible to encounter highly competitive prices in regards to the latest electronic gadgets. Assuming that you cannot afford a new iPhone, it could be worthwhile purchasing a used or refurbished model. However, one important point needs to be mentioned here. Only speak with reputable sellers (such as those who have been reviewed by previous customers). Employing this method could provide you with a high-quality used phone that functions just as well as a model “out of the box”.

Contract Plans Versus Pay-as-You-Go Options

Pay-as-you-go plans are often chosen by those who are looking to place a cap upon their expenditures. However, this is often more of a myth than a reality. The fact of the matter is that pay-as-you-go plans can cost much more per month. This is not including any additional surcharges that may be included. Contractual bundles are associated with predictable fees. Furthermore, newer iPhone models can be purchased at a much more agreeable price (2). This is the reason why a one- or two-year contract is often the best choice.

Financial Protection

On a final note, it is critical to purchase some form of iPhone insurance. Not only can this provide a sense of security, but insurance plans will financially protect you in the event that the phone is lost, stolen or severely damaged. A variety of packages can be chosen and each of these has been designed to cater to the needs of the buyer.

A modern iPhone represents a very real investment. It is only logical that this investment should be protected at all times. Thankfully, there are numerous methods to enjoy such an innovative device without being forced to break the proverbial bank along the way.

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