The iPhone is an Investment
This past weekend we experienced the second coming of the Jesus phone. The blogging community likes to point out that the overall cost of the iPhone over 2 years is something around $2,000. While that is true it is hardly any different from paying those fee’s with any smartphone, be it Windows Mobile, Blackberry or Palm. Data plans will always cost you at least $30 a month so deal with it.
How is it an Investment?
The iPhone is exclusive to AT&T for five years. That means all you suckers on T-Mobile can’t get your grubby hands on these babies for a while. The exclusivity + cool factor of the phone generates a high demand. This means someone is willing to buy your phone at a PREMIUM because there is limited supply. I should teach economics 101 by the way.
Three Easy Steps
- Buy an iPhone, sign a two year contract
- Next year, when the iPhone is updated, unlock it and sell it to some chump on T-Mobile for 100% of the value or more.
- Do loop
- You always have the latest and greatest phone
- Worst case you break even, best case you make a profit
- Browsing the internet on the iPhone is far superior than any other phone
For more investing articles and tips check out some older posts
Filed under: investing | 3 Comments
Tags: apple, investing, iphone