Apple’s radically changed iPhone 8 might be too expensive for several consumers, according to a new survey that Barclays has detailed. According to the numbers, only 11 percent of consumers will want to upgrade to the new iPhone.
Latest Survey Details Consumers’ Lack of Enthusiasm for Paying Upwards of $1,000 for the iPhone 8
A survey conducted by Barclays details that bad news might be looking over Apple and its iPhone 8. Details of this survey state that only 11 percent of consumers will be willing to spend over a $1,000 for the new phone and looking at the slew of rumors running around, we feel that this is going to be the most expensive model to date. However, there is good news for the California-based giant as a separate survey reveals that the handset will be coveted by 18 percent of people who already own an iPhone.
This obviously means that carriers will be bringing out special trade-in deals in the U.S. so that customers can find it easier to upgrade. Digging deeper into the survey also reveals that the majority of consumers want to spend a total of $582 on a new phone, which translates into $48.50 a month for 12 months on an installment plan.
Currently, the base model of the iPhone 7 is going for $37.41 for 24 months on Apple’s iPhone Upgrade Program, so if users are not comfortable spending an arm and a leg for the new iPhone, they could look into this. According to previous rumors, the iPhone 8 will be limited in three colors and would be sold in a total of two storage models.
The highest storage capacity could feature 256GB of UFS 2.1 flash memory and an exorbitant $1,200 price tag to go along with it. In comparison, the Galaxy Note 8 has been rumored to cost over EUR 1,000 when it is officially available for purchase.
Looking at the amount of iPhones Apple already sells in a given year, consumers will definitely want to check out a new phone that sports the same fluid OS but touts a massive design change.
We will definitely be looking forward to the unveiling. Will you? Let us know your thoughts down in the comments.
News Source: CNBC