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Rumour: Xbox 360 to Get Cell Phone-Like Subsidy, Contract
By: Alan Bell
Published: Thursday 3 May 2012 9:53 AM
Published: Thursday 3 May 2012 9:53 AM
According to The Verge, a New York-based technology news website, Microsoft are set to announce a US$99 Xbox 360 next week. To buy one at that price, however, users will need to sign up for a two year contract (much like the way people purchase cell phones today) at US$15 per month, which will also include access to Xbox Live and an extended warranty to cover the contract period.
The console, which includes a 4GB storage unit and a Kinect, will ultimately cost users of the plan US$459, compared to $429 if purchased via traditional means.
Microsoft responded to Joystiq in the usual way, stating "We haven't made any announcements and we don't comment on rumor or speculation."
According to The Verge, the deal is set to be announced next week; if it's true, we'll likely find out more about it then - including whether or not the deal (or something similar) will be made available to Kiwis.
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Comments (6)
Why would you want to buy it if it costs more than normal means?
3 May 2012, 03:04 PM
Reply to fauzman
Why would you want to buy it if it costs more than normal means?
Because you can pay it off over two years - same reason very few people drop $1100 on an iPhone.Why would you want to buy it if it costs more than normal means?
Ignoring the Xbox 360 part of this news for a moment; imagine the implications if the next gen consoles launch with this as a payment option; it could forever change the uptake pattern and could see next-gen becoming current-gen much faster than before.
3 May 2012, 03:04 PM
Reply to fauzman
Why would you want to buy it if it costs more than normal means?
Hire Purchase always ends up being more than paying one off.
Why would you want to buy it if it costs more than normal means?
For me personally I'd just take the hit up front.
3 May 2012, 03:26 PM
Reply to phantom
Because you can pay it off over two years - same reason very few people drop $1100 on an iPhone.
Ignoring the Xbox 360 part of this news for a moment; imagine the implications if the next gen consoles launch with this as a payment option; it could forever change the uptake pattern and could see next-gen becoming current-gen much faster than before.
I see. Wasnt thinking of that. Because you can pay it off over two years - same reason very few people drop $1100 on an iPhone.
Ignoring the Xbox 360 part of this news for a moment; imagine the implications if the next gen consoles launch with this as a payment option; it could forever change the uptake pattern and could see next-gen becoming current-gen much faster than before.
I would disagree with you about the subscription thing increasing uptake. Most things in stores nowdays can be bought by paying just a small deposit and monthly interest. I dont see this above system as an improvement to that where you can pay in bulk later on to completely payoff the price.
If these numbers are correct then it may work out being cheaper buying Consoles on this "rent to buy" plan. If you consider, for comparision sake, putting the full amount into a savings account, the interest you'd earn on the balance coupled with inflation would leave the "difference" being a very, very small amount.
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