New and improved will cost more!

  • EM Quantum Technology

The latest version of the iPhone will soon hit retailers with Apple gearing up to release the iPhone 8 on September 12th. Apple is celebrating the 10 year anniversary of their first iPhone, and will be
showcasing the iPhone 8, of course at a premium price. The new Apple techno gimmick will not have the traditional buttons as rumor has it the iPhone 8 will be prompted by hand gestures. Yes, no longer will you have to expend valuable energy pressing a button and straining one or two of your digits. But that’s not all - the technology in the viewer display will employ OLED (organic light-emitting diode), the latest upgrade of LED. Also the iPhone 8 will include facial recognition, forward plugin for the ear piece and a camera on the front.<br>

Let us digress for a moment because the big news isn’t all these new-fangled gadgets that are being added - it’s the price tag that comes along with it. Yes, new technology is never cheap. Go back to the days when Sony came out with the Walkman, if some of you can remember that or are somewhat of a historian. The Sony Walkman was invented back in 1979, but released several versions of what essentially was the same technology only made smaller and smaller. Each new version was more expensive than its predecessor and we have continued this trend with each nuance and tweak of what the public has been sold for years. Some are predicting that the cost for the new iPhone 8 could be $1,500 so if you have children you should start saving your money. What will the next version cost…will you be able to afford it? In the era of having to have the newest, latest and greatest what will be your financial tolerance for new technology?