A Decision of Uncertainty Paper Essay

Just recently, this past spring my cell phone contract recently expired after a continuous extension of over lapping contracts for over ten years. I have decided to finally upgrade my cell phone. The saturated cellular device industry can meet various consumer needs just depending on how sophisticated of a device is needed. The new and advanced iPhone 5 is a huge investment for a cellular phone. The retail price for iPhone 5 ranges from an additional $199 with a two year contract and $500 compared to the contract price AT&T offers. If a consumer signs a two-year contract plan to purchase the phone at a reduced price and incentive. See more: Ethnic groups and racism essay Due to financial restrictions and the holidays, I decided to purchase the phone and my contract price for the phone during the 2012 Christmas holidays. â€Å"Through my research and compliance with my constraints, the most opportune time to† (UOP, 2010, Week Three Supplement) upgrade my phone is reasonable during the holidays. Most cell phone companies such as AT&T and Sprint offer huge savings when multiple agreements are made. An iPhone investment could be costly because the standard warranty does not cover accidental damage. The accidental damage insurance, for an additional 48% one-time fee off the contract price, provides consumers with a peace of mind by providing two year coverage for hardware repair, drops, fumbles, slips, and water damage. Purchasing a high costly device means comes with the decisions on whether to purchase the contract price iPhone and not worry about accidental insurance; thus risk purchasing a replacement phone at retail cost or purchase the contract price iPhone and pay an extra 48% insurance fee, which adds to my spending and reallocate my budget for this phone. To decrease my decision of uncertainty; I have complied research on the new iPhone 5. My researched data set was from Business Wire and it provided a survey of 10,000 iPhones including their warranty claims. More important, my researched specified the hardware and accidental warranty claims. The claims all occurred within two years of purchase. Considering a voice plan and data plan would cost at least $1440 over the term of the contract. Another viable option is setting up an agreement with Cricket, which is better known as a pay as you go company. Cricket does offer an unlimited plan that could cost a consumer more than $5,500 over a two year agreement. Based on research from T3 the Gadget Website, the iPhone 5 is 20% daintier than the iPhone 4s, 16% less bulky than the Samsung Galaxy S3 and 14% lighter that the HTC One X. The iPhone 5 reviews have shown that it has a bigger screen, 4G capability and a better front facing cameras. However, the review also shows that the battery life is still not great, there are no iP5-specifice iOS 6 features and the old maps design is highly preferred. Now, it’s time to review the ten best features of the new Apple iPhone. * iPhone 5 will have a 4-inch screen * The new iPhone will be available in only black and white * iPhone 5 comes with Apples new â€Å"A6† processor, which runs twice as fast as the previous generation. * The phone has more than 200 new features in iOS 6 * You can update your Facebook status using SIRI * 8 MP camera, 3264Ãâ€"2448 resolution, five lens element lens, f2.4 aperture, 25% smaller * 8hrs LTE browsing, 10hrs Wi-Fi browsing, 40 hours music, 10hrs video, 225hrs standby * 802.11n 2.4Gz & 5GHz up tp 150Mbps, 802.11 a/b/g/n * The phone will have Now: DC-HSPDA, HDPA+ and LTE * Apples Retina Display 326 pixels per inch (ppi) The iPhone 5 is now available and many consumers will enjoy the new device but it has also started the clock on the next new iPhone. In a year from now, Apple will release a new and improved model of the iPhone. It may possibly be the iPhone 5s or the newly enhanced iPhone 6. My uncertainty still remains to upgrade gracefully to the iPhone 5 or sit tight and wait for the new and improved iPhone. References Future Publishing Limited. (n.d.). Retrieved November 14, 2012, from T3 The Gadget WEBSITE: www.t3.com ZEE NEWS LIMITED. (n.d.). ZEEBIZ.COM. Retrieved NOVEMBER 14, 2012, from WWW.ZEENEWS.INDIA.COM