Vladimir Gluten 🌾 on Nostr: I think the cell carriers are getting particularly fucked by inflation right now. ...
I think the cell carriers are getting particularly fucked by inflation right now. They've all switched to the 0% phone financing plan model. So you buy an iphone for $1000 and they finance over 24 months with 0% interest. They did this I think to pad their monthly cash flow. But I think they're getting killed on inflation. If inflation stays at or above the current 3.5% rate, they're losing at minimum $70/iphone over 2 years (even more in actuality) compared to if someone bought one in full. I really don't know how they can still offer the 0% financing.
Published at
2024-05-08 22:35:29Event JSON
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