Survey: Consumers not willing to pay $500 for iPhone | iLounge News

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Survey: Consumers not willing to pay $500 for iPhone

Only 1 percent of consumers are willing to pay $500 for Apple’s iPhone, according to results of a survey released this week. Nearly half of consumers surveyed, however, would buy the device if it was priced from $200 to $299. “Online market research firm Compete Inc. surveyed 379 people in the U.S., most of whom had heard of the iPhone and have shopped for an iPod, to find out how interested they are in the device to produce the uncommissioned report,” reports InfoWorld. “Among the 26 percent of respondents who said they’re likely to buy an iPhone, only 1 percent said they’d pay $500 for it. When Apple introduced the iPhone in January, it said it would cost $500 on the low end. 42 percent of those who said they’re likely to buy the phone said they’d pay $200 to $299.”

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