Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

The iPhone Upgrade Program is being replaced by Apple Upgrade

apple.com

Post reply on HN
Print view View original

181–190 of 411 posts

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#181

Post by dzonga »

dzonga wrote: post #179
Aurornis wrote: post #161

Earlier quoted context omitted.

The median US household has a net worth of $200,000. Even a 50th percentile US household is very wealthy by global standards. Credit card statistics are heavily manipulated because it's easy to make them sound terrible. I don't know which factoid specifically you're referring to, but the studies about "X percent of Americans couldn't handle an emergency expense without putting it on a credit card" often use tricks li…

averages strike again. Median wealth in the U.S just around $100k - see Wikipedia & other databases. how many people own houses ? & for those people that own houses - average equity in those houses is less than 45%. ain't no factoid - but lived reality of most people. maybe on the coasts where techies and finance bros live - but the rest of america is facing a bleak financial reality.

actually per UBS [0]: Median Wealth in the US is $68K. Almost neck in neck with median income.

[0]: https://www.ubs.com/global/en/media/display-page-ndp/en-2026...

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#182

Post by GolfPopper »

Mistletoe wrote: post #169
Aurornis wrote: post #88

Earlier quoted context omitted.

> A lot of people aren’t going to have that $433 at the end of the lease to purchase the device outright I think you're looking at this too much from the perspective of someone who wants to own the phone, not as someone who wants to consider a lease. Leases are not a new invention. A lot of people, including very financially savvy and well off people, choose to lease rather than buy depending on the circumstances. It…

Why on earth are we leasing phones now???

I'm a little confused on why anyone would pay this much for a phone. (Although if you consider it conspicuous consumption that happens to work as a phone, I can believe that.)

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#184

Post by tshaddox »

paxys wrote: post #65
nerdjon wrote: post #23

The math for the new program is kinda perplexing, my guess is that they are hoping that most people just will send in the device and upgrade. If I am reading the FAQ here properly: https://www.apple.com/shop/apple-upgrade . > If you decide to buy the device, the purchase option fee is the list price minus any lease payments you’ve made minus any remaining discounts or trade-in credit. (excluding tax and any damage fe…

> iPhone 17 pro max would be $1199 to buy (~1273 with tax) or $34.99 for 24 months totaling $839.76. So would cost 433.33 at the end of the lease to keep it A lot of people aren’t going to have that $433 at the end of the lease to purchase the device outright, and so will have to roll it into another 2-year monthly payment, and another one after that. So the goal of the program is the same as every other similar one…

Isn't the 0% APR financing essentially just a sales expense? Even if people generally don't immediately roll into another 2-year agreement, the main reason zero-interest financing works for the sellers is simply that it makes it easier for people to spend money on expensive high-margin stuff.

Multi-year zero-interest loans are also commonplace in high-price, high-margin specialty retail: think La-Z-Boy, Sleep Number, home improvement, hot tubs, home gym equipment, etc.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#185

Post by aetherspawn »

socalgal2 wrote: post #61

I'm not sure I understand all the hate in this thread. I had a friend who bought a new Mac every year, selling his old Mac. His calculation was that it was about the same price as keeping one Mac and upgrading every 5 years. I'd consider leasing a Mac through this program. I priced one out, with the options I chose it's $8149, lease for $177 (6372 for 3yrs, 8496 for 4yrs). Yes, at the end of those 3 years I don't hav…

That, and, its kind of nice to have $8k extra on hand if you need it.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#187

Post by znpy »

interestingly, if you try and configure the lease for an ipad, the accessories are not bundled, and you have to buy them separately and pay them in full and upfront. or you can finance them separately via klarna (?)

that's a bit of a deal-breaker for me, at least for the ipad.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#188

Post by Marsymars »

pishpash wrote: post #121
mmooss wrote: post #35

Are the prices competitive with the used market? Just one datapoint: I know someone who tried to trade in a laptop; Apple offered ~$200, eBayers were buying for ~$400.

eBay takes a 13%+ cut, then there's shipping, so you're looking at $300 after cost of business. If you're selling a lot, sure, capture that $100 difference. If you're selling one and dealing with buyers, you'll spend at least one hour taking pictures, writing the ad copy, doing client management, going out to ship + gas to get to the post office, risk of buyer return/fraud. Say you're worth $50/hour and you're being…

Whenever I sell used good, I use ebay to set the price, but I sell locally, so there's no shipping/fees involved.

Local prices around me always seem weirdly high - I sort ebay by cheapest price+shipping, match that, and that usually puts me cheaper than 90% of local listings and gets me plenty of interest.

TBH I'm not clear on why anybody outside of rural areas is selling on ebay for non-niche things.

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#189

Post by throw0101a »

Mistletoe wrote: post #169
Aurornis wrote: post #88

Earlier quoted context omitted.

> A lot of people aren’t going to have that $433 at the end of the lease to purchase the device outright I think you're looking at this too much from the perspective of someone who wants to own the phone, not as someone who wants to consider a lease. Leases are not a new invention. A lot of people, including very financially savvy and well off people, choose to lease rather than buy depending on the circumstances. It…

Why on earth are we leasing phones now???

> Why on earth are we leasing phones now???

Same reason some people lease cars:

* want the New Thing regularly

* are happier with OpEx than CapEx (can be handy for business/accounting reasons)

Re: The iPhone Upgrade Program is being replaced by Apple Upgrade

#190

Post by lovich »

Mistletoe wrote: post #169
Aurornis wrote: post #88

Earlier quoted context omitted.

> A lot of people aren’t going to have that $433 at the end of the lease to purchase the device outright I think you're looking at this too much from the perspective of someone who wants to own the phone, not as someone who wants to consider a lease. Leases are not a new invention. A lot of people, including very financially savvy and well off people, choose to lease rather than buy depending on the circumstances. It…

Why on earth are we leasing phones now???

That’s tame when people are leasing literal meals with klarna
Post reply on HN