Re:Apple reports Q3 results
by reaperducer on Thursday July 30, 2020 @05:28PM
(#24003041)
Perhaps also that Apple is known for making quality phones. In times of economic pressure, people buy for the long-term.
In times of economic pressure, buying a $1000 phone is not the smartest idea.
Buying a $399 iPhone SE that will receive OS and security updates for at least six years, on the other hand, works out to less than $70 a year.
And a $399 iPhone SE that's $200 off is even better: https://news.ycombinator.com/item?id=24005628
And Apple, of course, makes no phones that sell for under a grand.
> Wouldn't surprise me if a lot of people are buying new phones while they're sure they can, to avoid the risk of being stuck with an old and potentially failing one when they can't.
I think you're incorrectly assuming people are good at any form of long term financial planning...
Phones are luxury goods only up to a point. Especially once you're invested in an app store, it can cost a good deal to switch platforms. And it should be news to no one that having access to communications grows more, not less, important, the closer you get to stony broke.