Amidst the coronavirus pandemic, for how long do you plan to keep your phone?
People have been keeping their phones longer even before the COVID-19 pandemic struck the global economy like a ton of, well, coronaviruses. Ever since US carriers decided to stick up for themselves and pad their bottom line by removing the smartphone price subsidies that the late Steve Jobs got them into with the OG iPhone, ownership duration has been shooting up.
The carriers balked at the subsidies, which were eating into their margins significantly but the iPhone was so popular that they just couldn’t shake the practice until there was more competition and added network value services. When people saw the true price of their phones, the average length of using one and the same phone jumped from two to three years.
Has the coronavirus pandemic changed your phone-buying plans?
Don’t even get us started on the $999 OnePlus 8 Pro that was just announced, as its also a record price tag for the value-for-money brand. The phone makers CEOs are explaining the record 2020 pricing with the high price of 5G components and multi-lens camera kits, and, indeed the average bills of materials have risen exponentially in the last two years as well.
With the coronavirus crisis that is engulfing the globe, however, and all those stay-at-home orders, we might have to postpone our purchases of new phones, and keep our current ones longer, and the race to the $1500 phone may not have come at a worse moment.
Moreover, 5G is all fine and dandy, but the networks won’t be built out in their earnest to replace 4G LTE until 2023 or so, so if you get the OnePlus 8 5G, for instance, it will be a good while until you take full advantage of it. This is why we wanted to ask you for how long do you plan to keep your current phone, or any new phone you buy?