4 ms·
Ugh, I hate this article because it just buys into the industry PR terminology. Buying a "subsidized" phone doesn't mean the big phone company is cutting you a
by InclinedPlane 11y ago
Ugh, I hate this article because it just buys into the industry PR terminology. Buying a "subsidized" phone doesn't mean the big phone company is cutting you a deal, being nice to you, and putting money in your pocket. No, it's providing financing for a phone purchase at an effective APR of around 100%. It's ridiculously lucrative for them.
- IkmoIkmo 11y agoExactly it's just a loan, buying a phone on credit and paying it off monthly. It's like saying buying a home with a mortgage is buying a subsidised home, just ridiculous.