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Don’t preorder new iPhones, wait for lower prices

The new iPhones are here! After months of endless rumors and speculation, we now know for sure what Apple has in the pipeline.

To celebrate the iPhone’s 10th anniversary, Apple released three new versions of its flagship product. And boy oh boy, they sure don’t come cheap.

Be ready to spend a pretty penny if you want all the new whiz-bang features of the new iPhones.

iPhone 8 and 8 Plus

Compared to last year’s iPhone 7, the new iPhone 8 and iPhone 8 Plus lines will have better cameras, better True Tone displays, stereo speakers, glass backs, and wireless charging.

The iPhone 8 and iPhone 8 Plus will each come with two storage size options, 64 GB and 256 GB. For the iPhone 8, you’ll pay $699 for the 64 GB version, and $849 for the 256 GB.

The iPhone 8 Plus will start at $799 for the 64 GB version, and $949 for the 256 GB. 

iPhone X

The iPhone X is Apple’s “smartphone of the future” and it has a futuristic price too that starts at $999.

It has the much-anticipated “edge-to-edge” OLED display with Super Retina resolutions, a depth scanning facial recognition feature called Face ID, wireless charging and better cameras including two rear lenses with Optical Image Stabilization.

The get the iPhone X 64 GB, be prepared to shell out $999, and $1,149 for the 256 GB version.

If you want to save money, don’t preorder

iPhone 8 and 8 Plus preorders will start on September 15 and they will be available on September 22.

iPhone X preorders will start on October 27 and it will be released on November 3.

You may be excited about what these new iPhones have to offer but if you’re having second thoughts about shelling out top money just to get the latest bells and whistles, it might do you good just to wait to save some cash.

Here are things you can do to get more for your money:

Wait for carrier deals

The carrier wars and their battle for supremacy mean one thing – more perks, features and better prices for us!

As the major carriers duke it out to gain or retain customers, watch out for the special iPhone 8 or X deals they will inevitably push out. These deals may still be months away, typically around the holidays, but if you don’t want to shell out $999, it’s worth the wait. They might throw in plan perks and discounts along the way!

Get an older iPhone model instead

If you don’t mind not having the latest and the greatest Apple has to offer but you still want a perfectly fine iPhone experience, you can opt for an older model instead.

Apple just cut the price of the older iPhones to $100 less so you can now get the iPhone 6S line for as low as $449 and the iPhone 7 line for as low as $549. The iPhone SE also gets a $50 price cut and it starts from $349.

Although they do not have the latest bells and whistles, the 6S and the 7 iPhones are great deals at these price points since they are still very capable iOS gadgets. Also, their form factors do not differ much from the upcoming iPhone 8 line.

Look for used iPhones down the road

Once the excitement is over, expect to see used iPhone 8 and iPhone X deals posted in online marketplaces like eBay down the line.

Buyer beware though. Before purchasing or bidding on anything, make sure you verify that the used iPhone you’re buying online is not defective, damaged, or stolen.

Switch over to Android

And lastly, if you’re a current iPhone user and you’re willing to ditch the Apple ecosystem, you can always switch to Android.

The $999 iPhone X may be the most impressive iPhone yet but you can pretty much get the same edge-to-edge OLED screen and comparable specs with the latest Android smartphones like the Samsung Galaxy S8 line, which is about $250 cheaper. You can also get the Galaxy Note 8, which is priced at $930 but you get a bigger screen and a stylus with it.

We even expect the prices of flagship Android smartphones to drop even further as the manufacturers try to win away customers from Apple.

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