As Apple unveils a wide range of iPhone 13 models this week, crypto enthusiasts can benefit from a data-driven strategy.
Apple unveiled four different smartphone models on Sept. 14, the iPhone 13 and iPhone 13 mini with a new camera layout as well as the Super Retina XDR display-bearing iPhone 13 Pro and iPhone 13 Pro Max, each with several storage options.
With so many different models available in a wide price range, it becomes hard for customers to pick a specific model as a replacement for their current gadget. For crypto enthusiasts, though, historical market data on top cryptocurrencies makes the selection process a piece of cake.
On average, customers use their smartphones for almost three years before replacing them with a new one, according to a Statista study. In other words, there’s a good chance that a consumer who’s looking to buy an iPhone 13 nowadays owns a phone purchased during the Christmas Sale in 2018.
Assuming they also purchased an iPhone model back then, for the sake of comparison, it means they had options to buy a then-brand-new iPhone 8, 8 Plus, iPhone XR or iPhone Xs. Apple’s 2018 product family's initial prices were $599, $699, $749 and $999, respectively.
There’s a $400 price gap between the base model and the high-end iPhone, excluding the $100 pricier iPhone Xs Max model. The same price gap would translate into 0.1 to 0.13 BTC if the purchase was made in December 2018. That means if a crypto enthusiast made the right call and went for the base model in their previous purchase, they’d have enough savings today ($4,800 to $6,200 at the time of writing) to buy several high-end iPhones.
Ethereum fans could even benefit more from the “buy the base, spend the rest on crypto” strategy by purchasing 3 ETH almost three years ago, which equals 10 iPhone 13 Pro Max devices at the time of writing.
Depending on the selected cryptocurrency, yields vary dramatically. For example, Binance Coin (BNB) was just over $5 at the start of December 2018, while Dogecoin (DOGE) was worth 0.00225, meaning investments made in some coins centupled in three years. But one thing is clear: top cryptocurrencies age way better than premium gadgets in terms of market value.