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The downside is that it causes people to buy phones they can’t afford because it seems cheaper. People don’t reason about $50 per month the same way they do abo
by bigmadshoe 1mo ago
The downside is that it causes people to buy phones they can’t afford because it seems cheaper. People don’t reason about $50 per month the same way they do about $1200. The mistake in your comparison is assuming the target customers were going to buy the phone anyway, when they weren’t.
- nsagent 1mo agoWhat a paternalistic response. Apple provides a better deal than the typical telecom — not gouging the user on a lease-to-own program, and your response is the sheep are too dumb, best to take the option away for everyone? If you want to fight that battle, then educate consumers. I'm all for education. Taking away reasonable options because some people aren't capable of making decisions in their own interest is the worst kind of nanny state behavior.
- bigmadshoe 1mo agoI think that’s a fair point, and my response wasn’t to suggest that financing is inherently a bad thing. I was replying to the question “doesn’t everyone win from this?”, and I believe the realistic answer is that no, Apple wins and financially uneducated people lose.