Last week we heard that best Buy were charging $100 more than Apple for an unlocked iPhone. The company came up with some vague reason on why they were doing this. The company were charging the extra fee on both models when you purchased the handset outright.
The company is now only offering the iPhone X on their monthly installment plan and they have now released a statement on why they have changed their mind.
“Although there was clearly demand for the un-activated iPhone X, selling it that way cost more money, causing some confusion with our customers and noise in the media,” Best Buy spokeswoman Danielle Schumann said. “That’s why we decided a few days ago to only sell the phone the traditional way, through installment billing plans.”
So if you want to buy an iPhone X from Best Buy, you will have to purchase it through their monthly plan. The 64GB model will cost you $33.34 a month over 30 months, when you add this up it works out at $1,000 so you are only paying a small premium over the $999 price for the handset.
The same pricing is available on the 256GB model of Apple’s new iPhone, Best Buy will charge you $38.34 a month over 30 months, this works out at $1,150.20, apple charges $1,149 for the handset, so you are only paying a little more on the monthly plan.
This still does not explain exactly why Best Buy had to charge their customers an extra $100 to buy the iPhone X outright over Apple.
Source Best Buy, Bloomberg
Filed Under: Apple, Apple iPhone