You don’t always have to come in first – take these money lessons from the exploding Samsung Galaxy Note 7.
Even if a new gadget sounds cool, it may work out quite differently in implementation.
Remember Apple’s SmartWatch craze? When it was first released, it was hyped as the future of technology.
But how many people actually use it to make calls, surf the news, or for anything other than to tell the time? The fact is, some ideas sound a lot cooler than they actually are.
Sometimes it’s best to let someone else fork out the money first, and then come and explain that it’s not, in fact, the “next big thing”.
NEXT: Lower risk of flaws and recalls →
The Samsung Galaxy 7 is the bomb…literally. It blew up in homes and cabs, and even stopped an airplane.This smartphone has been recalled, fixed, and then outright suspended from production.
Needless to say, this gave initially excited Samsang Galaxy 7 users a painful inconvenience.
Apple’s iPhone 4, from a while back, had antenna issues. There was no real compensation or help for the buyers for a long time (although it has since been fixed). By not being the first, you’ll hear about these flaws and know not to buy until the issues are resolved.
NEXT: Fewer messy updates →
New phones and operating systems face tons of updates. And along with it, some applications cease to function, due to compatibility issues with the update; sometimes it even bricks your phone.
The later you buy, the fewer rounds of updates you have to deal with.
Another pro tip: wait till others make the update, and then study the results. You may not want to join their ranks if the update is bad.
NEXT: More third party support and apps →
The longer you wait, the more third parties will arrive to provide accessories. Think Bluetooth earphones for Apple’s iPhone 7, which doesn’t have a headphone jack.
By waiting on your purchase, you can buy at a time when the market is flooded with third party products. This often means more cool peripherals, as well as cheaper ones.
And more apps, too. Developers need to learn to code apps for the device, and it takes time for them to come on board.
NEXT: Potentially lower costs →
These days, planned obsolescence means that devices – however new – have a fixed production cycle. New versions may be released as often as semi-annually, or even three times a year. And usually, there is minimal effect from being one iteration behind.
If you’re okay with being a little behind, you can time your purchases to upgrade just before the following iteration. For example, you could use an iPhone 6 now, and then buy an iPhone 7 only when the iPhone 8 is being released.
NEXT: Time for proof of concept →
By Ryan Ong, SingSaver, 19 October 2016
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