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WIN: Early Adopters Always Pay

Posted By Jim On 07/18/2008 @ 12:35 pm In Personal Finance | 5 Comments

That’s the total minimum financial commitment to owning an iPhone 3G phone. Nearly two thousand dollars. Add a few more bells and whistles and you’re talking more. If you’re curious about the total cost of owning one elsewhere, CBC News has a cool interactive map [3] you can use to navigate the world. (link courtesy of Loonies and Sense [4])

I don’t know where the number stands now but the bigscreen.com announced in January, before HD-DVD knew it lost the format wars to BluRay [5], that vendors had sold nearly a million HD-DVD players [6]. Those million customers soon discovered they owned a dead format rebranded as “up-sampling DVD players.” Game over. Thanks for your money.

Early adopters of the Microsoft XBox 360, myself included, discovered that the units were experiencing catastrophic technical problems [7]. Later models solved some of the earlier problems and Microsoft increased their warranty to three years and had to take a $1.06 billion write-down in the second quarter of 2007.

I couldn’t let Apple off the hook on this one… a scant 68 days after releasing the iPhone for the first time, Apple slashed prices by $200 [8]. The 8GB iPhone’s price dropped from $599 to $399. Those who bought within 14 days could get a refund of the difference but the rest had to be happy with a $100 credit at Apple stores. Steve Jobs is too hip and too rich to care about you, but keep on buying his products!

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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/win-early-adopters-always-pay.html

[3] cool interactive map: http://www.cbc.ca/news/interactives/map-telecom/

[4] Loonies and Sense: http://looniesandsense.blogspot.com/2008/07/when-did-i-become-luddite.html

[5] HD-DVD knew it lost the format wars to BluRay: http://www.engadget.com/2008/02/28/paramount-and-dreamworks-hd-dvd-support-ends-march-4/

[6] sold nearly a million HD-DVD players: http://www.bigscreen.com/journal.php?id=951

[7] experiencing catastrophic technical problems: http://en.wikipedia.org/wiki/Xbox_360_technical_problems

[8] Apple slashed prices by $200: http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article2575988.ece

Thank you for reading!