Tuesday, 17 July 2018

When Is The Best Time To Buy An iPhone?

iPhones enjoy a cult following across the globe. Most of the celebrities are snapped with an iPhone in hand. A recently study said that people with an iPhone or an iPad in hand are perceived to be rich. While there are several other mobile phones in the market, which boast of similar features the brand equity of Apple products mainly the iPhone is unparalleled. Which brings us to the big question......


When Is The Best Time To Buy An iPhone?

While most might think the answer to this one, is the flash sale on one of the shopping portals, the truth is far from it.

iPhone launches a new model in August-September period. Fans queue up all night outside Apple stores to get their hands on the latest iPhones. The phones are initially available for INR 100,000 a piece. Mobile phones are a depreciating asset. It is common knowledge not to spend heavily on depreciating assets like cars, electronic goods, mobile phones etc.

So we recommend you to not splurge on the latest iPhone in town. Of course unless you are in the top 2% bracket with millions in your bank account & or earn upwards of 300,000 a month, the rules for you are different.

For the rest, the best time to buy an iphone is one year after the said model has been released. To be more specific, buy the iPhone model released this year after the latest iPhone model has been released next year.

For example, buy iPhone X in October-November 2018, which will be 2-3 months after iPhone XI/iPhone X2 is released. Prices for iPhone will then drop to INR 35,000-40,000 post Diwali. You can save further by asking your friend/relative in the US to get it along on their way back home.

Buying an iPhone a year after its release is found to be the ideal time to buy it in terms of longevity as well.

Longevity

While the latest i0S update weigh on the phone's speed & battery 4-5 years after you phone, it gives you a solid 3-4 years before you are forced to upgrade to the latest iPhone.

It is an open secret that iPhones are designed in such a way that it runs only for a few years, post which it either slows down or gets spoilt. You then have no option to buy a new iPhone. Anything upwards of 3 years is a good time to have spent using an iPhone. But if you can do, with your iPhone momentarily hanging, slowing post updates you should aim for using it for 4 years before you buy the year old model.

Remember: The price of your phone must not be more than 50% of your monthly salary

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