iPhone7 pricing - not reducing?

With the advent of the iPhone 8 - i had assumed we would see a distinct reduction in price for the 7.

But looking at various phone plans - the savings are either nil or negligible at best

As someone who hasn't paid attention for previous upgrades - are we likely to see a change to this any time soon?

The additional features of the 8 don't interest me - so looking at getting a decent deal on a 7

Comments

  • I think it is because the number of people buying iPhone 8 is not high atm as most people who do buy apple devices tend to be more willing to spend large amounts of money (from personal experience, got no stats to back this up however), thus they're waiting for the X to release (which is the "superior" device).

    Hence, the number of people upgrading to an iPhone 8 from 7 are also less, meaning the amount of iP7s that are on the 2nd hand market aren't as high as they could be.

    I would think that iP7s will start going down in price a month after iPhone X is released where people who are upgrading from iP7 will then sell their devices to get the X meaning a greater supply and hence decreased price (economic theory).

    Another side note: the iPhone 8 has been getting bad media press which the whole battery expanding and stuff. Might be something also affecting people who wanted to upgrade to iP8 but because of this safety concern, have decided to now go for the X rather than the 8.

    • Thanks - as an FYI - I am not looking at the secondary market - I do want a new iPhone 7

      I just figured that because it was a superseded model - it'd be priced accordingly.

      Mind you - looking at the change in features - I'm preferring the 7 over the 8 anyway

      • The second hand price won't go down until lots of people are selling them, which they aren't. This is what he said.

  • +2

    The brains at apple that approved the decision to announce both the ip8 and the ipx at the same time made major blunder. No one in their right mind would purchase ip8 while knowing that ipx is just around the corner.

    • Got to agree with that. I have an iPhone 6 Plus. I will look at the iPhone X but tempted to wait until next year to see what develops from the iPhone X.

    • +1

      Is it a major blunder or are they making customers feel clever that they are waiting a little longer to get a much more expensive phone? Sounds like standard Apple to me and they do well with that approach.

      • We normally skip one upgrade. So the ip6s > ip7s and ip7 > ip8. We'll now skip the ip8 altogether and go straight for the ipx.

    • I don’t want X but I am looking at getting 8. I like Touch ID and don’t want face id, and that is one example but there are others.

      • I like Touch ID and don’t want face id,

        Hmm. I didn't notice that until you said it. So apple have in their previous models managed to capture our voices, fingerprints, and now moving on to our facial biometrics. Should we be concerned with what they do with this data?

        • Maybe? I certainly think face identification would poses a bigger risk than fingerprint identification.
          Apple seems to be more willing to protect privacy (based on the news). I don't know if google is better or worse. Google seems to be more lax based on the number of issues with malware on play store vs app store.

  • What are you hoping for with a “distinct reduction” in price. Remember that every $100 Apple takes of RRP only translates to around $4 per month ($4x24=$96) on contract. Apple dropped the price by around $200 so expecting anything more than an $10 reduction wouldn’t be very likely.

    You also have to consider that telcos want the highest spending customers who are likely to purchase the most expensive phone so they even sometimes provide better discounts on expensive phones to get these big spenders as customers. This means the price discrepancy between an old iPhone and the latest one can be even less

    • +1

      I wouldn't have thought any Ozbargainers would be silly enough to get a phone on a contract

      • +1

        I was just going from what the OP said about looking at plans. I agree plans are a suckers game. I buy the latest model most years and then resell it for minimum 2/3 of what I paid for it. Works out at like $1 per day.

      • A few calculations should tell you if contract is worth it. There are deals where it actually is worth going on a contract. I did some calculations recently and the contract was going to be better choice in a specific circumstance, including no initial outlay.

        Granted, the deal needs to be a good deal :)

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