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A comment on Apple reports Q3 results. Parent comment
I can tell you based on where I live and who I work with, there are many people who are low and moderate income who own iPhones now.
They don’t buy their phones outright like some people do; they usually can’t drop $1000 in one go on something that’s not their rent.
However, low and moderate income people can pay $10 or $20 a month for the phone while using prepaid services.
To be blunt, that’s why poor inner city kids can rock very nice iPhones.
An iPhone SE is $200 on a carrier deal; it’s a better phone than anything else in that price range that low and moderate income people can afford.
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I can tell you based on where I live and who I work with, there are many people who are low and moderate income who own iPhones now.
They don’t buy their phones outright like some people do; they usually can’t drop $1000 in one go on something that’s not their rent.
However, low and moderate income people can pay $10 or $20 a month for the phone while using prepaid services.
To be blunt, that’s why poor inner city kids can rock very nice iPhones.
An iPhone SE is $200 on a carrier deal; it’s a better phone than anything else in that price range that low and moderate income people can afford.