Apple just announced a Red colour version of iPhone 7 and iPhone 7+ last week. I just found out it is available in Singapore this morning. So is this a good time to buy now? I mean iPhone. :P Not Apple shares.
I am currently eligible for re-contract. Time to make some money from Apple. :)
The table below shows how much I could make with my M1 subscription plan. The amount is correct as of today but the buyback price can change anytime. The highest amount I can earn is $360 with iPhone 7+ 128 GB model. I have a $50 handset voucher so I could make $410 in total. But after 1st June, I would get an additional $50 voucher. The only concern is the buyback price would probably drop further by that time.
There's opportunity to make some money from Apple whenever we recontract our handsets. Thank you Apple! If we wish to get a Samsung phone when we recontract, we should still buy an iPhone from the telco and sell it to a handphone shop if the buyback price is good.
Let's assume I wish to get a Samsung A7. M1 is selling it for $348 based on my subscription plan.
If I buy it from outside handphone shop such as Mobilesquare, I could get it for $515 without contract.
If I had bought an iPhone 7+ to sell, I made $360 with the above example. In the end, I paid just $155 (515-360) if I had bought the Samsung A7 from an outside shop. Not bad for a few hours work. Here's the blueprint to how to profit from Apple:
Step 1: Check which iPhone model could fetch the highest price.
Step 2:Get the iPhone from Telco (Hopefully there is stock). Request for it not to be unwrapped. If not, there could be a $10 deduction off the buyback price.
Step 3: Sell it off straightaway. If not, the price might change. Can also get a new phone from the shop at the same time.
Step 4: Profit!
Maybe I should wait longer and make more money from iPhone 8? :P
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