Samsung to announce its own monthly leasing plan?

Samsung to announce its own monthly leasing plan?
During its media event earlier this month, Apple introduced the iPhone Upgrade Plan that allows someone to lease a new iPhone for as low as $32 a month (price includes AppleCare+) and exchange it every year for the latest version of the phone. Now, it appears that Apple rival Samsung is about to join Apple in offering a similar plan.

While details are sketchy, an industry insider with knowledge of Samsung's thinking, says that the company could launch its own leasing plan some time in the next couple of weeks. It is unknown exactly which Galaxy models will be involved, and how Samsung will price the plan. According to Wall Street analysts, Apple's upgrade plan can bring in extra revenue once a leased phone is returned, refurbished, and resold. Samsung is hoping that it too can increase the revenue it books on a single handset, by following in Apple's footsteps.

With T-Mobile and Verizon doing away with two-year contracts and subsidized pricing, many consumers are now paying the full retail price for a new handset, spreading out the cost over a monthly installment plan. Some mobile operators, like T-Mobile and Sprint, have turned to leasing. T-Mobile's JUMP! on Demand allows a customer to lease a new phone and upgrade up to three times in one year.

The downside to leasing a phone is that at the end of the lease, you have to turn in the current phone in your hand, or pay it off to keep it. And with a lease, you must make sure that the handset remains in good condition with no damage to it when it is returned. 

source: CNET

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56 Comments

1. AlikMalix unregistered

Is anyone surprised?

5. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

No contracts means less sales, lease a phone could mean more salea. Why should Apple on lump benefit from good ideas? After all they steal plenty of good ideas, don't they?

11. j2001m

Posts: 3060; Member since: Apr 28, 2014

WNew flash new flash Samsung is more secure than Apple iOS 9 as been hacked any I product running ios9 can be login to without password all contacts and images can be looked at including on the cloud Seehttp://youtu.be/sIp73v_W5A8

25. maherk

Posts: 6632; Member since: Feb 10, 2012

I am.....NOT!

56. HTCOE

Posts: 650; Member since: Nov 20, 2011

not suprised at all...Samsung: Do whatever it takes...bet the whole fawking house on it Billy!

57. jroc74

Posts: 6023; Member since: Dec 30, 2010

No, was so happy Motorola started it years before both Apple and Samsung. :-)

62. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Surprised that Apple copied their leasing idea from US Carriers? Nope.

2. mannyfs

Posts: 69; Member since: Feb 11, 2011

can't apple do anything wtihout samsung acting like a little jealous girl and doing the same thing after them? i mean,, literally, right after them.

4. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Apple is trying to increase sales with contracts going away, why shouldn't someone else do it? When apple made a desktop.computer, did that mean no.one else should do it? What about a bar phone? All-in-ones? List goes on. It's a good idea. Why shouldn't anyone else do it?

32. xfire99

Posts: 1203; Member since: Mar 14, 2012

It were US caririers who started this upgrade plan. Apple copied the carriers and now Ssamsung copy the US Carriers upgrade leasing plan, not Apples.

33. Taters

Posts: 6474; Member since: Jan 28, 2013

It's called business and reacting to the market. It's closer to if you can't beat them, join them in raping consumers willing to get raped. You can't give the whole pie to Apple if you have the infrastructure to react instantly right. It's the same as stocks. You see someone golden buy or sell and you get a hold of the infirmation legally somehow, you buy or sell too.

43. rd_nest

Posts: 1656; Member since: Jun 06, 2010

So? have they got a patent on selling? And carriers started this before Apple, I never heard you say Apple copying Verizon or T-mobile, did you?

44. runzlord

Posts: 245; Member since: Oct 13, 2013

Lol. Samsung, Copying apple since 2012 :D

47. combatmedic870

Posts: 982; Member since: Sep 02, 2015

Since like 70% of the hardware in the iPhone is made by samsung....your could say your buying one every time you buy an iPhone..

63. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Lol, stupidity since the day you were born.

53. Kary1

Posts: 300; Member since: Jun 26, 2015

These plans require stupid customers. Apple doesn't have a monopoly on stupid customers as sales of the S6 prove. But the reason these things are popping up isn't because Apple thought if it, it's happening because the major carriers are finally stopping the practice of requiring everyone to be stupid.

55. talon95

Posts: 975; Member since: Jul 31, 2012

Both are lame compared to Jump On Demand, why lock yourself into one brand when you could have anything you want 3 times a year! It might work fine for Apple since it's flock is already penned in, but Android users are much more likely to go with the best, whatever brand that may be. T-mobile is winning customers because they aren't locking you into a contract, so I doubt the strategy will work as well for Samsung when it will just lock you into an OEM. I would only consider it if the terms allowed me to switch away from Samsung as easily as upgrading within Samsung, and of course they have to be bootloader unlocked. If it's not equal or better than Jump On Demand then there's no point. It's all about freedom to choose.

60. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Here let me help you. Since Appel didnt make a smartphone first, they shouldnt have made one since they werent first. In fact, NONE of Apple's products were the first of their kind. So did they not do what others did? So why cant others do what Apple does? Why does everythign havs to be about Samsung copying Apple? Right now, Android is Samsung. Without Samsung Android would have 40% marketshare (made up number). Samsung has the majority of all Android sales with 300M devices per year since the release of the Note 2 and S4. Stop acting like when Apple does something no one else should do it too. After all, their were things you could lease before phones. Cars, computers, houses, apartments, clothes, jewelry and even shoes can be rented/leased with an option to buy. Stop being stupid.

3. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

"The downside to leasing a phone is that at the end of the lease, you have to turn in the current phone in your hand, or pay it off to keep it" Anyone who wants to swap a new car every year, knows to lease. If you want a new phone every year you lease. How is this a downside that you have to turn it in? You don't have to turn it in. On a least you either turn it in or pay off through other half. Anyone who leases something like a car, or office space, moving van or similar knows you have to take it back after a certain amount of time. If it was a bad thing, no one would be doing it. How the heck do you writers have a job? Downside to leasing. There is no downside to leasing.

54. Kary1

Posts: 300; Member since: Jun 26, 2015

The bigger downside is you have to be willing to accept whatever POS phone the company produces next. I can't imagine wanting to be subjected to whatever car or phone a company next produced.

58. khul00

Posts: 27; Member since: Sep 06, 2014

What do you mean "you have to be willing to accept " you can choose to keep the phone you have, every lease has a buy option.

65. Kary1

Posts: 300; Member since: Jun 26, 2015

Then you're just paying for the same thing forever, but with less choice. It's like the old cell phone carrier model, but worse. But my point is this. If this program had been available back with the Samsung S5 and I'd jumped on it, I would have been even more pissed when the S6 was announced, because I would have been paying more money to have the option to buy something that I have zero interest in ever having. But maybe we need to take a step back. These things are not that expensive. If someone need to lease them then they're probably getting something that they really can't afford and should make a different choice.

59. talon95

Posts: 975; Member since: Jul 31, 2012

I agree. And I'll add that until now you paid $200 up front and then a monthly phone fee for a phone that after 2 years you didn't want anyways and was essentially worthless. At least by "leasing" you don't pay up front, can switch more often, and if at the end of two years you want the phone you just pay off the remaining $200 then. The total amount is almost exactly the same so why waste the extra $200 on something you don't even want in the end. If the used phone resale market gives out then prices may go up and make it less equal to buying but right now leasing is a good way to go for the flagship market.

6. shinnsd

Posts: 27; Member since: May 26, 2015

I know it is kind of following apple's move, but if this plan enables me to buy an unlocked samsung phone without carrier bloatware, I would actually love to see this happening

38. DnB925Art

Posts: 1165; Member since: May 23, 2013

This guy nailed it right here. The freedom to buy unlocked phones without carrier bloatware AND possibly faster updates since you are cutting out the middleman ie the carriers. If Samsung will refurb the leases phones, they may also have an incentive to update them longer since the phones will have a longer life because they will be resold after the initial lease term.

7. arch_angel

Posts: 1651; Member since: Feb 20, 2015

Of Course Like I Said Apple And Samsung Just Copy Each Other LOL. I Bet Samsung's Prices Will Be Better Tho.

36. VZWuser76

Posts: 4974; Member since: Mar 04, 2010

As others have pointed out, Apple wasn't the first to do this, the carriers were. T-Mobile actually started it with their Jump! on Demand, followed by AT&T Next 12, Sprint's forever iPhone, and Verizon with their EDGE plan. While most of them are installment plans, IIRC T-Mobile and Sprint offer leases, so expect Verizon and AT&T to follow suit. But leasing phones used to be the way people got their cell phones. My first phone back in 1997 was leased from the carrier. There was no option to buy, only lease. If you wanted to buy a phone, you had to go into a place like Best Buy and pay full retail. Subsidies IIRC started around 1999-2000. So no, Apple didn't invent leasing or installment plans for phones.

39. arch_angel

Posts: 1651; Member since: Feb 20, 2015

I Know That. And The Next/Edge Plans Require You To Pay Full Price For The Phone. I Know Apple Didn't Invent The Plans But Samsung Is Only Starting Their Own Leasing Plan Because Apple Did. Don't Lecture Me Kid.

40. VZWuser76

Posts: 4974; Member since: Mar 04, 2010

I referenced that the Next and EDGE plans were installment plans, which by definition require full payment. You're just repeating what I said. And kid? I'm 90% positive I'm older than you and the majority of commenter on here. Despite most of the posts on here, there are adults who read and comment on PA.

41. arch_angel

Posts: 1651; Member since: Feb 20, 2015

Whatever, You Wasted Your Time Typing That Long Reply Is All. And I'm Aware That Adults Comment On PA.

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