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Nearly 40% of Americans plan to reduce cell phone costs, citing coronavirus
14th October 2020
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Although Apple unveiled its latest iPhone models this week, experts at WalletHub say an increasing number of Americans won't be willing to dole out the extra cash this year on an upgraded phone.
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As a consequence of the coronavirus pandemic, nearly 80% of Americans say they want to spend less on their next phone, according to a nationally representative survey conducted by WalletHub. About 36% say they are already looking to reduce the cost of their current one.
APPLE SAYS IPHONE CAN NOW ACCESS VERIZON 5G NETWORK
"The release of each new iPhone model is a big-money occasion for Apple, but this year many people may not have as much money to spend due to the COVID-19 pandemic," Wallethub said.
In a virtual presentation Tuesday, Apple unveiled four 5G-enabled versions of the new iPhone 12 which will range in price from almost $700 to roughly $1,100.