Over the past few years, mobile phones have undergone tremendous change, both in function and design. They are getting faster, bigger and more powerful at very fast rate. Nowadays, the phones are designed to support applications that were impossible in the past five years ago. The demand of the Smartphone is increasing each day. Therefore, the prices of the latest Smartphone's have increased significantly.
Three years ago, $199 with two-year agreement would get you to the best phones in the market. The more advanced $299 iPhone with a two year contract was the most expensive phone in the market. For instance, the HTC DROID, Motorola DROID 3, and LG revolution are all priced at $199. They are not bad but they are not the best. Therefore, you have to part with $250 and $300 with two year agreement so as to get the best phone.
One may be tempted to believe that the increase in the phone prices is due to more powerful features. In fact, most of the phones are cheaper than they were last year. In addition, it is important to note that all phones selling at over $200 are 4G enabled devices. The 4G enabled phones are more expensive since carriers do not charge extra for the 4G access. Therefore, they have decided to make extra money on the initial price of the phone.
On the other hand, customers without 4G enabled phones may pay up to $20 each month for 4G access. This makes 4G phones more expensive than ordinary phones because of the monthly payments. It is important to note that carriers may slow down their 4G expansion due to insufficient funds. Therefore, the price of the phone is expected to remain high since the 4G network carriers may charge extra costs for upgrading their network. Due to premium and faster 4G network, all mobiles are expected to adopt 4G enabled phones in the future hence higher price of buying a phone.
This hike in price has left a lot of people searching for mobile phones for bad credit as most people credit limits are stretched to afford the deals on offer.
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