I wonder, do phone users in the USA really fall for this trick of hiding most of the price of handset into recurring payments? Yes. The best example was when A

I wonder, do phone users in the USA really fall for this trick of hiding most of the price of handset into recurring payments? Yes. The best example was when Apple announced the iPhone 3G, and everyone was thrilled with the price "cut" from $400 to $200. A few people tried to point out that AT&T's rates had simultaneously gone up thereby making it more expensive over the 2 year contract, but they were largely ignored. The US would be in far better shape if students were required to explain net present value before receiving a high school diploma.