Apple, the king of marketing savvy, has yet again shocked the masses into paying ungodly amounts of money for their limited, newly-released gadget. The iPhone 5 which was released last week in limited numbers, sold its cap of 2 million phones in its initial day on the market.
Fans of the famous tech company who lost their shot at owning the most recently updated smartphone are so desperate for the glitzy gadget that they are shelling out over $1,600 on popular bidding site eBay to secure their own iPhone 5.
While the idea of tech-happy consumers hemorrhaging huge chunks of their hard-earned cash to buy an item that’s value will plummet in a matter of weeks is shocking to me, what is more appalling is Apple’s market listing price of the iPhone 5.
Opening day sales of the iPhone priced the 64GB model at $849. In comparison, this price would buy you two refurbished iPad 2s, a new iPad 3 or three Dell desktop computers.
Or a 4 inch, wildly over hyped cell phone.
I think the luckiest people in this situation are certainly those opening-day buyers who only purchased the gadgets with hopes of an inflated resale. If they were to hold out a mere two months, they will still get their cherished iPhone 5 and have $1,300 in profit.
Even fifty shares of Apple’s stocks don’t return those sort of immediate dividends.
My advice: avoid the hype, invest only in technology you believe will substantially increase your productivity and quality of life, and purchase when the timing is the most affordable and if possible –lucrative- to your financial interests.
VIDEO: Official iPhone 5 Trailer