Your Next Phone Will Probably Cost $1,000Issue 09-18-17 |
The new iPhone X from Apple is priced at about $1,000, and the latest Samsung Note approaches four figures. Among the new features for the iPhone are upgraded cameras and the ability to unlock your phone with a 3D scan of your face.
Wireless companies such as T-Mobile, Verizon, AT&T, and Sprint have been doing more to disguise hardware costs or sweeten their deals, since the giveaways from these carriers are much cheaper for them than subsidizing every phone. Carriers now charge customers on a monthly basis to pay off the full prices of their phones over time, plus a premium if they want to trade up to the newest model each year. Samsung’s zero percent interest rate on the installment price represents a significant subsidy.