ROI, or why I HAVE to upgrade my iPhone

Apple announced earlier this Monday the iPhone 3G. It was pretty much a foregone conclusion. The tech rumor mill had this one nailed. 3G speed, GPS, Application Store, Enterprise... not much surprise in this one.

What I had heard, but didn't believe, was the price... $199 for an 8gig phone and $299 for the 16gig phone.

What the?

I'm an Apple fanboy. Sometimes an Apple apologist... but this is crazy. One year ago Apple releases iPhone v1, and I shell out $599 for the 8gig version. Apple doesn't sell them like hotcakes, and they drop the price. I'm fine with that. Apple releases the 3G version, and drops the price again! I paid $600 for less than 12 month old technology, and the new version of the phone with the same memory capacity (8gigs) is now $400 less? You gotta be kidding me.

On that note, I'm selling my phone. I have to, in order to get any return on my investment (ROI). The value of my less-than-one-year-old-iPhone bottomed out. You can buy a new one for $200, which means my old one is less than $200.

How much less? Here's my problem. If someone is going to spend $150 on an old phone, they might as well spend $200 on a new phone with more features. How low can it go? $125? $100? $75? Uh oh...

And just like that, my $600 iPhone drops 80% in value... mandating that I get out now in order to get something out of my investment... before it's too late and my iPhone depreciates any more...

I've already got one buyer (thanks Berch), but I may sell off Amy's iPhone too... if you're a potential buyer, let me know...

Thank you, Steve Jobs, for once again screwing over your early adopters. If I didn't love your products so much, I'd probably be upset. For now though, I'm just pumped because I'M GETTING THE NEW IPHONE!

Comments

[Nate]

Also...I think you were one of like 5 people in the world to buy a Mac Cube?

Come on Jeff!

[Jeff Reed]

ha ha. no. never owned the cube. not powerful enough for me.

To see my history of Apple, check this out:
http://www.runwithgod.com/romans12/2007/07/jeffs-history-o.html