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The Clark Howard Podcast

9.3.20 Why you should wait to buy an iPhone; States are having financial difficulties

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 3 September 2020

⏱️ 36 minutes

🧾️ Download transcript

Summary

Apple will be releasing 5G iPhones in the Fall. Don't buy an iPhone until those are released! Clark talks about the states that are having the most financial difficulty right now and how that will affect you. Taxes could go up and services could get cut. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Great to have you here on the Clark Howard Show where it's about you learning ways to

0:10.3

save more and spend less.

0:12.7

And don't let anyone ever rip you off if you are someone who uses iPhone or you're thinking

0:19.7

of switching from Android to iPhone.

0:22.9

Don't buy an iPhone over the next many weeks because Apple and the phones that they're

0:31.7

preparing to launch later this fall in October are going to have pretty much a lineup of 5G

0:41.8

phones and they're going to make initially according to Bloomberg 75 million 5G iPhones.

0:55.3

And that means that if you buy a new iPhone right now you're paying top dollar for something

1:04.4

that is the three big cell phone carriers migrate their networks to 5G you're going to be

1:12.8

suffering having a very expensive phone that won't operate on the new 5G networks.

1:20.3

Apple users tend to hold their phones for a longer period of time and it would be a risky

1:26.2

venture for you to lay out money.

1:29.2

Now if you live in an area where you don't really care about reception because the reception

1:35.2

you have is just fine the speed of the network just fine wait till the new 5G iPhones come

1:42.7

out and the value of used iPhones will be much much lower because a lot of people want

1:52.0

the latest greatest when Apple has an inflection point and the new 5G iPhones will be an inflection

1:58.7

point and so you'll be able to find people's use now unloved iPhones at a lower price than they

2:08.6

would have been before. And so I strongly recommend waiting now what's significant about this is a lot of

2:17.0

Android manufacturers have been making 5G phones since last year but in the United States Apple is

2:25.5

so important in terms of a brand that most Americans have not paid attention to the buildouts of

2:34.1

these 5G networks until Apple says it's important and Apple next month is saying it's important and

2:42.9

people will gravitate. Apple's sales of iPhones have declined I think it's four or five years in a

...

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