As you’ve probably heard, Apple revealed the new iPhone 16 at their “It’s Glowtime” event on Monday, where their CEO Tim Cook showed off all the new features and upgrades it offers. Prices for the latest iPhone start at $799 and they officially hit store shelves on September 20th, but new research suggests a lot of Americans will be holding off on getting a new phone.
A new survey from WalletHub reveals how people feel about cell phones and iPhones specifically.
- Nearly two-thirds (63%) say inflation will keep them from buying a new phone this year.
- On top of that, nine in 10 Americans think iPhones are overpriced.
- But two in five people think buying a new iPhone is worth going into credit card debt for.
- And 56% say they do plan to buy the new iPhone this year.
- So, how do people judge someone who always has the newest iPhone? Well, 30% categorize that person as rich, while 27% think they’re wasteful.
- Still, 42% of Americans admit that having the latest phone is important to their self-image.
- When it comes to how people feel about Apple, 65% see it as a monopoly.
- Half of those surveyed say it’s not fair that Apple Pay takes a 30% cut from purchases made on Apple apps.
Source: WalletHub