I got a free Iphone 4S

Toe-Jam

grumbler wrote: »

Assuming that it's what the OP has got, I'll do the maths for her.

Cost of the airtime: £10 p.m. (chitter-chatter)
Cost of the phone: (£36-£10)x24=£624

Price of the sim-free phone from Apple: £499
Interest over 2 years: £624-£499=£125
Interest rate: 1.95% p.m.; 25% APR :think:

By your calculations Orange sold me the Iphone 4s at a loss of £127:T

Cost of airtime £15.50 (There is no sim only on the orange website that gives 200 mins unlimited sms and 1gb data, the closest one costs £15.50 for a 12 month term giving 300 mins unlimited sms and 500 data)

Cost of phone (£31 -£15.50)= 15.50x24= £372

Never such a thing as a free lunch or phone in most cases!!!

True, but it does happen.

Toe-Jam

mooandjacko wrote: »

Shame that trying to do other people a favour (as I was searching for a while for this free phone) comes back to bite you in the bum with criticism!!!

You'll find a lot of critical people on this forum, unfortunately it seems to be that some of the people that have been on here the longest think they have the right to criticise and bully some of the newer members.:mad:

Toe-Jam

Buzby wrote: »

Shame, and the new Apple 5 is supposed to be released in March '12 !

Do you really think Apple is going to retire its latest cash cow after only 5 months ?

Plus Sharp hasn't perfected the manufacturing process for the new screen yet, not to mention any new OS that was going to be in the next product would be in beta by now if it was going on sale in March.

grumbler

Toe-Jam wrote: »

By your calculations Orange sold me the Iphone 4s at a loss of £127:T

Cost of airtime £15.50 (There is no sim only on the orange website that gives 200 mins unlimited sms and 1gb data, the closest one costs £15.50 for a 12 month term giving 300 mins unlimited sms and 500 data)

Cost of phone (£31 -£15.50)= 15.50x24= £372

The true cost of Orange's airtime is the same as the cost of it on chitter-chatter (t-mobile). Orange make bigger profit by selling overpriced airtime and can afford to make bigger discounts on handsets to lure customers into overpriced airtime contracts.

Nevertheless, your deal is good as the actual cost of the handset is about 24x£21=£504. Assuming that Orange buy iphones at the wholesale price, not at the retail price, they still make a small profit, not a loss, even on the handset.