Globe Telecom has recently announced a new postpaid plan for iPhone-loving subscribers. You can trade-in your old iPhone every year for the latest model, provided that you abide by a lock-in period, of course.
Figure 1: An iPhone, every year, forever! But is it worth it?
FOREVER? - Globe Telecom has recently announced a new postpaid plan for iPhone-loving subscribers. You can trade-in your old iPhone every year for the latest model, provided that you abide by a lock-in period, of course. The question is: are you getting some benefit or do you just ‘pay for the phone’ with the plan payments?
Globe has just launched a new postpaid plan for those who want the latest iPhone every year - the iPhone Forever Plan. Basically, if you allow yourself to be locked-in to a certain plan for a 2-year period, you get a free iPhone now, and after a year, you get to trade the phone for the newer model without charge. More expensive plans get the higher-end configurations. The contract period does not extend when you trade in the phone. Yugatech provides a clear summary for those interested.
However, whenever something like this comes out, the question that pops up in everyone’s minds is…
Well, using the schedule of cash-out and payments, as well as the value of benefits and phones received, we can compute how much you’ll save under the plan; but first, I’d like to point out the assumptions:
Using these facts, the results are as follows (detailed computations are at the end of the article):