Newer phone releases from
Apple, Samsung, and other tech giants have a similar pattern: they all go
beyond the $1000 mark.
The Price for Keeping Up with Trends
A survey concluded that Apple and Samsung’s recent earnings had one thing in common. A decline in their quarterly profits show
a glaring truth: not many would gladly give out thousands for a small upgrade
on their devices.
The latest release from
Apple, the iPhone XS Max had a price
tag ranging between $1100-1500. Samsung on the other hand had the Galaxy S10 Plus, and had a similar
price range of $1050-1500. Another Samsung phone, the Galaxy Fold, has a $2000 tag. Other companies such as Huawei had
the Mate 30 Pro 5G, which had a
$1200-1300, price, while Xiaomi’s Mi Mix Alpha boasts an amount of $2800.
A Decline in Profits
While the idea of better specs
may appeal to some, these newer models still have a glaring deal breaker: the price. With companies releasing new
versions of their phones yearly, one would have to ask themselves: how
expensive is too expensive? In
addition, is the price tag really worth the product you get?
Think about it for a second –
how often do you require new phones
anyway? Unless you are really clumsy
and drop phones regularly, a standard smartphone can last years before its decline. Companies release new phones annually – and sometimes even sooner
than that. Those who want to follow trends love
the idea of purchasing every new release. Most of the time, this involves
selling their older phones at a loss in order to help pay for the new one.
Other companies like Apple offer trade-ins
at smaller prices. However, that is not enough for a lot of people.
With newer phones steadily
increasing in price, when will consumers say ‘enough is enough’?