Apple becomes first U.S. company to reach a $2T market cap

Re:Apple becomes first U.S. company to reach a $2T market cap by dpweb on Wednesday August 19, 2020 @01:18PM (#24212973)

The iPhone is a great product but the way it's financed is brilliant. I suspect not many people buy their new phone with a $1000 charge on their debit card and that new phones are always financed. I use a 6s, available used for $70 all in, and it gets the job done.

Carriers finance the new model at a seemingly low rate ($15/mo.) then charge more on the wireless service. I can get the $15/mo phone, but only at the $60/month plan not the $35/month plan. If I don't pay, the product is worthless (no service).

You can calculate the amount of housing or auto debt that is out there, but have always wondered how much 'iPhone debt' is outstanding w the wireless carriers?

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Re:Apple becomes first U.S. company to reach a $2T market cap by lotsofpulp on Wednesday August 19, 2020 @02:03PM (#24213723)

You can get phones directly from Apple.com at 0% interest over 24 monthly payments, assuming you would have purchased AppleCare+.

https://www.apple.com/shop/iphone/iphone-upgrade-program

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Re:Apple becomes first U.S. company to reach a $2T market cap by bjo590 on Wednesday August 19, 2020 @01:34PM (#24213252)

I've always paid cash on new phones. Is there a credit check associated with financing a new iPhone?

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Re:Apple becomes first U.S. company to reach a $2T market cap by hajile on Thursday August 20, 2020 @09:32AM (#24223027)

Phone costs/profits are baked into most plan pricing. If you have such a plan and are paying for your phone outright, you're paying twice for a large chunk of it.

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