Owning an iPhone doesn't mean to be an investment accounting to me. This had turned to be status symbol, even the person who doesn't have proper shelter holds an iPhone. This is the reality happening around the world, mainly in the third world countries. The market movement is directly connected with the economy too. An investment should appreciate in value whereas an iPhone keeps depreciating.
And that's why this thread was created, I have already started seeing the buzz on twitter about the new Apple and some persons will start saving to buy it, some go as far as borrowing to buy it.
iPhones are not good investments in the first place:
- They can get nicked and scratched
- The battery can be worn out fairly quickly
- A software failure can prevent the iPhone from working
- The screen can shatter if you drop it
- Negative resale value, even if it is more than other phones. Each year iPhones lose even more % of their original value
- It can get bricked, etc.
But borrowing money just to buy the new iPhone is just peak stupidity because now they're paying interest on top of that.