LA Connection Property Blog: July 2008

Apple iPhone - Am I missing something?

I'm a big fan of Apple - but there's something I don't understand.

Apple's released their new iPhone 3G which is available in 8GB and 16GB Models, and sells for $199 and $299 respectively. (Subject to a 2 year AT&T service contract).

People are paying between $300 and $400 for the older used iPhones. (Have you seen the ads on Craigslist?) What I don't understand is why AT&T customers don't simply buy the new iPhone for $199 instead of $300-$400 for the old phone. And even if a cell phone user needs to pay $200 to terminate their existing account and switch to AT&T, why are they buying the old phones?

For $399 they could have an AT&T account and enjoy all the extra applications. So am I missing something?

Comment balloon 11 comments • COMPASS PALM SPRINGS | Stewart Penn • July 29 2008 04:37PM
Apple iPhone - Am I missing something?
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