How often do you replace electronic and other appliances and devices with new ones?

For me it depends.

My phone is a sonim xp8 new in 2018. Can't afford to upgrade to the xp10. I don't get phones on a contract or lease only buy outright.

My computer is a Panasonic toughbook cf31 that's probably the same age as the phone. Current one bought used last yr as old one got broken.

My digital camera is an Olympus d595 over 10 years old. Still works.

My home appliances are similar. Fridge is 8 yrs old.

Bought new tv last yr to replace 16 yr old plasma unit tv and should be good for next 10 yrs at least.

My vehicles are all used and newest two date from 1992.

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swirlie

Apple has a trade-in deal that looks attractive. If you buy a new iPhone 16 for example for $1600(?) and then trade it in for a new one again in 2 years time, they will give you $1400 in trade-in value for a new phone.

If you wait 4 years to trade, they will give you $1200 in trade-in value.

What this amounts to is about $100 per year in depreciation.

But if you waited 10 years to trade, they'll give you $50 for your old phone which represents $155 per year in depreciation.

The advantage of this buy and trade plan is that you'll always have an up to date phone and you'll incur the lowest rate of depreciation per year while doing that.

Buying and holding for years ends up costing a lot of money in depreciation and at the end of 10 years, you still have a 10 year old phone that is no longer compatible with upgrades from Apple.

zonavar68 · 56-60, M

@swirlie Depreciation is not an issue for me because I do not intend to re-sell old devices as they'd be too old for anyone to be interested bar me. I don't suffer from ED (Electronic Device) FOMO (Fear Of Missing Out) like many.

swirlie

@zonavar68
In that case, can I interest you in a flip-phone for $39.00 with unlimited calling and no data plan?

whowasthatmaskedman · 70-79, M

@swirlie Of course, in two years that new phone may be $2500.😷

zonavar68 · 56-60, M

@whowasthatmaskedman Apple structures it's product line around planned obsolescence among other things so older devices are *deliberately* either slowed down or bricked or just made more difficult to use, to encourage selling new devices.

whowasthatmaskedman · 70-79, M

@zonavar68 Yes. I am aware. And have nothing apple in the house for that reason (OK. I have been guilty of subscribing to apple streaming for a short time.)😷

zonavar68 · 56-60, M

@whowasthatmaskedman Smart move - steer clear of the Cult of Apple

swirlie

@zonavar68
Do you mean, 'apple cult' ...the distant cousin of 'apple cobbler'?