While most of the speculation surrounding the iPhone 5 recently is about when the device will be available to consumers or what new features it will have, we have not heard much about the price of the handset. So today we are analyzing how much the new iPhone 5 is going to cost consumers when it is finally available.
The iPhone 5 will undoubtedly be a high-end smartphone when the device hits stores, but consumers may want to trade in an old iPhone or other handset that can offset the price of the new unit. Last month we looked at the price of the iPhone 5 compared to the Motorola Droid Bionic, and Samsung Galaxy S II. It was felt the iPhone 5 could be around $100 cheaper than the Droid Bionic and anywhere between $50 and $100 cheaper than the Galaxy S II.
A while back 9To5Mac had an article looking at how much the components for the iPhone 5 could cost, and came up with a price of $270 altogether. Currently you can get the 16GB version of the iPhone 4 for around $199 with a two year subsidized contract. So it makes you think we may see the device available for around $299 but with a 24-month contract.
If you want to purchase the iPhone 5 without a contract you can expect to pay anywhere between $500 and $600. But if you have an old iPhone to trade in this may bring down the overall cost of the device. Over in the UK the Carphone warehouse will give you £140 for an ageing 16GB iPhone 3GS, or £125 for the 8GB model.
Consumers in the US can even trade in old Apple products for money at GameStop towards games and other goodies from the retailer. But like any retailer that accepts trade-ins they will be looking to make a profit on your unwanted device, so this will be reflected in the amount you receive. If you have the time and account you will get more money selling your old handsets on auction sites such as eBay.
What do you think is the right price for the iPhone 5?
Also See: New iPhone 7 Pro release date and rumors