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Barclays: Only 11% of consumers willing to pay $1,000 or more for a new iPhone

0. phoneArena posted on 12 Aug 2017, 03:12

New information sent by Barclay's to its clients, and obtained by CNBC, reveals that the price of the Apple iPhone this year might finally reach a point that turns consumers away. The tenth anniversary model is dubbed the Apple iPhone 8, and early speculation has put a price tag as high as $1,000-$1,200 on the handset. But the bank's survey shows that only 11% of those who responded to its poll said that it would pay more than $1,000 cash for an iPhone...

This is a discussion for a news. To read the whole news, click here

posted on 12 Aug 2017, 03:19 14

1. rdvn26 (Posts: 18; Member since: 04 Aug 2017)


just go buy s7 edge it would be enough

posted on 12 Aug 2017, 05:39 5

18. Well-Manicured-Man (Posts: 428; Member since: 16 Jun 2015)


Is that maybe the reason why Samsung is lowering pricing for the S8 so quickly? Maybe Samsung is simply afraid of the iPhone 8 and wants to make the S8 so cheap that people rather buy the S8 instead. In any case, the low S8 pricing is good for consumers that have waited and not bought the device yet. They save 30% now.

posted on 12 Aug 2017, 06:28 20

26. Kuroki (Posts: 91; Member since: 24 Nov 2013)


Big NO. Samsung is lowering the price of S8 because of the upcoming Note 8. It has always been that way since.

posted on 12 Aug 2017, 06:53 9

28. Well-Manicured-Man (Posts: 428; Member since: 16 Jun 2015)


Why would that make sense out of Samsung's perspective? The lower the S8 price, the lower the Note 8 sales. It would be in the best interest of Samsung to keep the price gap between note 8 and S8 as small as possible so that more people would buy the slightly more expensive Note 8.

posted on 12 Aug 2017, 20:34 2

86. sgodsell (Posts: 4876; Member since: 16 Mar 2013)


Tell everyone here why there was all kinds of sales for the iPhone 7's back in January of 2017. The iPhone 7's were only 3 months old at that time. You could buy an iPhone 7 and get a free iPhone SE. Now some places are buy an iPhone 7 and get a free iPhone 7. If you look back a year or two ago. Apple never had sales like these. They didn't even have their latest iPhones going for free on contract. So do you have an answer manicured-man? Don't bother we know.

posted on 13 Aug 2017, 13:06

99. Xilam (Posts: 108; Member since: 20 Jul 2017)


I explained this before, sgodsell, you must first determine whether the sale is by carriers, retailers, or manufacturer themselves (regardless if it's iPhone or Samsung).

If it's carriers - they use promotions with most popular devices to bring in new contracts.

If retailers - they use promotions with most popular devices to bring in foot traffic.

If it's manufacturers themselves - well they need the inventory to go.

If you or others are going to argue whether the headset sells well or poorly - please reference to who is it making the sale promotion and why!

Was it Apple or Samsung themselves lowering prices on their devices in your examples? Or was it just retailers and carriers that use the popularity of iPhone or Galaxy phones to win over customers?

posted on 13 Aug 2017, 17:21

103. B3NN377 (Posts: 18; Member since: 20 Jun 2017)


what are you doing with that username and avatar?

posted on 12 Aug 2017, 08:21 6

36. dimas (Posts: 2525; Member since: 22 Jul 2014)


Samsung have always been lowering the price of their flagships whenever the new note series comes out. It's been their habit for years so it's no biggie.

posted on 12 Aug 2017, 13:11 5

63. L0n3n1nja (Posts: 542; Member since: 12 Jul 2016)


It's because there is strong competition in Android. If you want an Android, you have dozens of good handsets to choose from, and they get very aggressive with pricing. You want iOS, you pay whatever Apple charges as they are the only provider of iOS. There are people out there who use iPhone for iOS but prefer the hardware available from some Android handsets.

posted on 12 Aug 2017, 15:23

74. TechieXP1969 (Posts: 14573; Member since: 25 Sep 2013)


No matter how many times its answered, the same people ask the same stupid question.

I haven't seen Samsung drop the S8 price.

I seen retailers and carrier's who buy their own stock lower the price.

posted on 12 Aug 2017, 19:25

84. BuffaloSouce (Posts: 293; Member since: 01 May 2017)


Retailers and carriers prices reflect their prices to what Samsung sells them. So yes, Samsung does lower their own prices to, unless a carrier or retailer has a exclusive deal going on. If you want proof, go to Best Buy and they have the unlocked S8 for $574 and S8+ for $674 which is the exact same price on Samsung.com

posted on 13 Aug 2017, 17:30

105. B3NN377 (Posts: 18; Member since: 20 Jun 2017)


from samsung.com on the main page-

"Back to school savings. $300 off the Galaxy S8 Unlocked."

posted on 13 Aug 2017, 17:31

106. B3NN377 (Posts: 18; Member since: 20 Jun 2017)


I like samsung products, but you blindly love them.

posted on 12 Aug 2017, 03:20 2

2. Well-Manicured-Man (Posts: 428; Member since: 16 Jun 2015)


Giving that Apple has global market share of ca 15%, 11% does not seem to be that bad. Of course I don't know in which region of the world the survey was done.

posted on 12 Aug 2017, 11:57 6

56. Finalflash (Posts: 3528; Member since: 23 Jul 2013)


That would be the US, and 11% of the US population of iPhone owners gives a total of 4% total smartphone market willing to pay for the iPhone 8 (40% Apple marketshare * 11% willing to pay). The rest of the world with the same proportions would mean less than 1% of iPhone owners in any given country.

posted on 12 Aug 2017, 03:32 3

3. Xilam (Posts: 108; Member since: 20 Jul 2017)


LoL - I can't even afford a 6s at current prices. I got lucky at some point to get a new iPhone 5s cheap thru a deal with at&t. With prices going up like they are that's the only experience I'll probably have with iPhones for a long time.

posted on 12 Aug 2017, 03:49 8

4. DellB (Posts: 31; Member since: 07 Jun 2015)


"At least for 2017, most of the new features found on the iPhone 8, such as the OLED panel, the edge-to-edge display and facial recognition, will be exclusive to the iPhone 8. This is something that consumers will have to understand. And making this even more important. last week, KGI Securities..."

1. Who writes these articles. The punctuation is just messed up.
2. Seems like you're trying too hard to make excuses for Apple. What's with the: "This is something that consumers will have to understand." line?

posted on 12 Aug 2017, 12:34 3

60. Alan01 (Posts: 444; Member since: 21 Mar 2012)


I apologize for the gibberish. I don't even know where that line came from because I certainly didn't write it like that. In fact, several edits made to the story didn't appear in it for some weird reason.

I made some appropriate changes to the story which removes the part you noted. Give it another read.

Regards,
Alan F.

posted on 12 Aug 2017, 15:32

76. DellB (Posts: 31; Member since: 07 Jun 2015)


Seen.

posted on 12 Aug 2017, 03:52 13

5. AgentZero (Posts: 268; Member since: 16 Aug 2014)


no phone is worth more than 600 or 700 max ! and that if it was a jaw dropping piece of tech , the 11% are made up of morons and teenagers who think mommy and daddy would buy them the new iPhone if they get an A in geography or some other crap

posted on 12 Aug 2017, 08:26

38. dimas (Posts: 2525; Member since: 22 Jul 2014)


That's your opinion.You can rant all you want in tech sites but the rest of the world will still shell out $1000 for these products.

posted on 12 Aug 2017, 09:00 9

43. AgentZero (Posts: 268; Member since: 16 Aug 2014)


the rest of the world ? have you ever been on tech forums ? 95 % of people try to build full gaming PCs and work stations for less than 1000$ !

posted on 12 Aug 2017, 09:27 1

46. kiko007 (Posts: 5417; Member since: 17 Feb 2016)


I'm sorry, could you repeat that for me? It's sounds like you're saying people who are into building gaming PCs are somehow the same demographic as normal consumers.

posted on 12 Aug 2017, 10:37 4

51. AgentZero (Posts: 268; Member since: 16 Aug 2014)


flagships are the best of what the company is offering , that doesnt mean people have to pay more than 1000$ for a phone , many people can do it including me and many people here , but people wont do it because the idea of a 1000$ phone is moronic , you are not getting what you are paying for no matter what brand you are buying

posted on 12 Aug 2017, 14:08 6

68. adi90 (Posts: 518; Member since: 21 Dec 2015)


Arguing with an iPhone user over price is like insulting yourself. Don't mention it.

posted on 12 Aug 2017, 15:41

78. TechieXP1969 (Posts: 14573; Member since: 25 Sep 2013)


Exactly. These same hypocrites claims the S7e was worth $800, a d the latest iaphone will still not do things the S7e can do and yet coukd cost $1000 and they are t saying nothing about it.

I dont know everything the iPhone will or won't have, but there are things I know it will and won't have for a certain.

It will not have fast charging, wont have a headphone jack, so t have the highest resolution or best display, wont have mass storage, wpmt allow any file type to transfer over BT, wont have floating Windows, splitscreen apps, wont have default apps and at least 25 things Android or specially Samsung phones do now.

So what justifies $1000? Nothing.

Yet the Note 8 will have that and more and I still say its not worth $1000.

Right now I have no plans to buy either. The iPhone for sure because I just bought it. If I sell it and get $650+ then I would may be consider an upgrade.

But I dont see anything worth upgrading too.

As much as I miss my Note, $1000 is top.much to as for such a device with limited capabilities

posted on 12 Aug 2017, 15:28

75. TechieXP1969 (Posts: 14573; Member since: 25 Sep 2013)


He's saying these people have a cap on what they will pay for a certain product.

So if rhey have a cap of $1000 on building the eat possible PC, then those same people will only pay $1000 for rh3 beat possible phone.

The iPhone is not that phone.

If the S7e isnt worth $800 like you claim, then the iPhone which has even leas certainly is not wotlrth $1000.

But if that is the price and you want it, tbat is what you're gonna pay.

I think its better to wait for the official iPhone 8 or whatever the iPhone is called next year so that you can get the new design at a lower cost.

This is why Apple isn't making many, because unless carrier's and retailers offer major deals, it's gonna be a low seller.

In fact they may onky sell 50M in 12 months, which means it will sell.lower than any past Samsung flagships.

posted on 12 Aug 2017, 13:56

67. Rocket (Posts: 435; Member since: 24 Feb 2014)


not me bud.

posted on 12 Aug 2017, 14:30 2

70. domfonusr (Posts: 581; Member since: 17 Jan 2014)


Me neither. There is no way I'll ever shell out $1000 for a phone, even if everybody else is doing it, and even if I had $1000 to spend...

posted on 12 Aug 2017, 16:26 1

79. L0n3n1nja (Posts: 542; Member since: 12 Jul 2016)


Another 20 years and flagship phones could be $2000 and cheap phones cost $1000. Who knows what inflation, wages, and value of the US dollar will do. Brand new cars today cost more than a typical house did 30 years ago. Lol

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