Why purchase old Iphone?Every year when the Apple announces new phone, you will find that indian newspaper have the ad displayed for the old iphone versions on sale. I have just checked the ads for the iphone 5S and Iphone 6. And the prices and the EMI is reduced.
I do understand that people have made Iphone a status symbol. Just like they do with some car models. I know it can be irrational. But even for someone who can afford to buy such phone for status symbol. How reasonable and logical it is to buy old models which practically closer to their lifecycle end?
I mean 1 year and 6 month of each of these phones are already up from their total lifespan. And the software support wise they only have 3 years left for that model. Resale value is also not going to be good during next buyback purchase of the phone.
So why people are obsessed with buying old Iphones?