BMAC

“ The iPhone Subprime Crisis is what will happen as a result of Apple lowering the point-of-entry price of a new iPhone while increasing the overall cost of ownership over the two year term of the contract (up to $2700!). People who thought they couldn’t afford an iPhone when they cost $400 now (falsely) feel like they can afford one when it’s $200. After a few months of heavy bills, as the “cell contract foreclosures” begin, look out for a lot of used 3G’s coming to eBay. ” -

Ricky Van Veen’s GET EXCITED: The Impending iPhone Subprime Crisis

(via buzzandersen)