Now is the worst time to buy a new iPhone (AAPL)

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With Apple’s much-rumored iPhone 12 expected to launch in the fall, now is the worst time to purchase a new iPhone.
If you’re already planning to spend hundreds of dollars on a new phone, it’s probably worth it to wait for the newest model that’s expected to come with 5G support and the latest Apple processor.
Even if you don’t care about having the latest iPhone, Apple typically discounts certain older models when introducing new ones.
However, if you’re either already on a strict budget or need a new iPhone in a pinch, we’d recommend picking up a new iPhone SE for $399.00.

If you’re considering splurging on a new iPhone in the near future, it’s probably best to re-think that decision.

Apple typically releases its new iPhones in the fall, meaning the next-generation model may only be less than two months away. If you were already planning to spend around $1,000 to upgrade your iPhone, you’d be best advised to wait until the much-rumored iPhone 12 hits store shelves rather than investing in a phone that may soon feel outdated.

Apple announced that it will be holding a virtual event on September 15, where it’s almost certain to announce new products.

What’s less clear, however, is whether we can expect to see new iPhones on that day. New Apple Watch models and a new iPad may be the focus of Apple’s upcoming September event, according to Bloomberg’s Mark Gurman.

Since this year’s new iPhone is expected to be slightly delayed because of the coronavirus pandemic, Apple may announce its new iPhones in October. If that is indeed this case, it would mark the first year since 2012 that Apple has not unveiled a new iPhone in September.

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Apple has also said its next-generation iPhone will likely be delayed. Speaking on the company’s fiscal third-quarter earnings call, Luca Maestri, Apple’s senior vice president and chief financial officer, said the company expects supply of the new product to be available “a few weeks later” compared to last year’s iPhone 11 and 11 Pro launch.

Still, it’s probably best to hold off if you can. You don’t want to find yourself in a situation where you upgrade your device only to find a brand-new model hitting the market several weeks later.  

This year’s iPhone is expected to come with 5G support, a new processor, different size options, a refreshed design that’s similar to that of the iPad Pro, and OLED screens across all models. That latter point is significant because Apple usually reserves OLED display panels, which are capable of showing richer blacks and bolder colors compared to LCD screens, specifically for its pricier “Pro” iPhone models. 

Support for 5G connectivity may not be important right now while carriers are still in the process of building out their networks. But, if you’re spending hundreds of dollars on a new device, you’ll probably want it to last for at least two years, if not longer. Waiting for the 5G iPhone rather …read more

Source:: Business Insider

      

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