The true cost of an iPhone over your lifetime: $300,000

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description:  That’s how much you would make if you invested the money you spent on your smartphone from the age of 18 to 78

Source: MarketWatch.com

Date: Nov 02, 2018

Link: https://www.marketwatch.com/story/the-true-cost-of-an-iphone-over-your-lifetime-300000-2018-11-01

Questions for discussion:

  • Do you think consumers understand the “cost” of owning an iPhone in these terms?
  • What is the value received from ownership?
  • How does iPhone ownership compare to other big ticket consumer items, like a car or vacations?
  • What about small purchases like a daily coffee from Starbucks?

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