Rules to Consider When Buying New Gadgets...

The iPhone has dropped in price, and some aren't happy. Consider these rules:

1. The price will always drop eventually. This ought to be a reasonable expectation of anyone possessing a cursory knowledge of the prices of expensive electronics (iPhones, PS3s, XBox 360s, PCs, etc).



2. There is always risk in buying an item as soon as it comes out.


3. This is more of an observation than a rule, but it really is naive (and somewhat selfish), if one forgets the first two rules, to then lament if the price later drops, as if you somehow got screwed. Let's say you bought a PS3 for $500, and you're happy with it. Why be jealous of the fortunate consumer how bought it a bit later, for $400? If you have yours, you're happy with it, and it was worth the price, why complain? Now, there are situations in which one could understandably be upset, such as if you bought an iPhone for let's say, $300, and you found out only a day later that Best Buy was selling them for $150. This scenario isn't really likely in the case of the iPhone, but you get the idea. Also, if it's the same store, most times you can get the savings back if you keep your receipt, which serves as a good fourth rule.