iPhone buyers opt for installment options more than Android phone buyers, finds survey

iPhone buyers opt for installment options more than Android phone buyers, finds survey،

It’s no secret that there are differences between how people choose Android phones and iPhones. A new survey confirms this and shows that iPhone users opt for installment plans more than Android buyers, reports AppleInsider. This difference could be due to the overall higher price at which iPhones are sold on average, as well as trade-in discounts and installment plans offered by Apple and carriers.

iPhone buyers opt for installment plans more than Android buyers, survey finds

Recently, it has become normal for operators to offer interest-free installment plans for phones, and we no longer need to buy the full price or pay a fixed amount up front. The flexibility of interest-free installment plans gives buyers options: They can either pay everything up front or spread the cost over monthly payments. The new investigation has just Consumer Intelligence Research Partners (CIRP)and it aims to uncover the differences between iPhone and Android buyers in purchasing methods.

Interestingly, 55% of iPhone buyers opt for monthly plans, compared to 44% of Android buyers. 38% of iPhone buyers pay for their phone up front and 49% of Android buyers do. 7% of people use other purchasing methods.

CIRP survey data shows how people choose to buy iPhones and Android phones

Of course, iPhones are generally more expensive than average android phone, and there are plenty of other budget-friendly Android options that can tip the scales as well. It is naturally easier to pay a budget in full android phone only for the latest iPhone. Android Phones There is also an expensive variant, say a Galaxy S23 Ultra, but chances are the majority of people will fall into the percentage of installment plan buyers.

The survey does not provide information on the area surveyed and does not specify the number of people taken into account. Despite this, it shows an interesting trend in phone purchases.

Overall, there is a high percentage of people who purchase using installment payment plans in both categories: iPhones and Android Phones. Carriers know this and are offering increasingly attractive options for installment plans, including significant trade-in discounts. Apple also offers monthly installments for Apple Card users.