Blind Bargains

Why you Might Not Want to Pay Apple $384 or More a Year for the Latest iPhone


Amidst the flurry of announcements from Apple today, a new program is being launched which lets users upgrade to the latest iPhone every year. But with a little bit of effort, there's likely a better deal to be had. Apple will sell you the latest iPhone starting at $32 a month, which includes AppleCare+, a $64.50 annual value. So assuming you want the AppleCare+, that's $334.50 a year for your phone. So, what's the alternative?

If you purchased your iPhone 6 16GB for $649, you can sell it now before the new models hit. many of the trade-in programs will let you lock in a price now and send in the phone once you get your new one. Amazon is currently offering up to $414.27 for this model. assuming your phone is in good shape and you get this amount, that's a net cost of $234.73. This particular example pays you in the form of Amazon credit which you may or may not want, but other services offer similar value, often in cash.

You can up your game further by selling your iPhone through eBay, Craigslist, or our own classifieds, where current models are still commanding $500 to $600. Apple's new program is based in part on convenience, and you'll want to determine if the extra $100 or more cost is justified given your budget and priorities.

Update: The original version of this article did not take into account the new increased prices for AppleCare+, which is now $129 for the 6S and 6S Plus.

Category: News

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J.J. Meddaugh is an experienced technology writer and computer enthusiast. He is a graduate of Western Michigan University with a major in telecommunications management and a minor in business. When not writing for Blind Bargains, he enjoys travel, playing the keyboard, and meeting new people.


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