Samsung's new Galaxy S8 is more expensive than Apple's iPhone 7

Samsung's new Galaxy S8 is more expensive than Apple's iPhone 7

 

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.Samsung’s Galaxy S8 looks like the phone of the year, yet it’ll cost a bit more than the iPhone.

Samsung’s Galaxy S8 & S8 Plus are finally here, & they’re just what the company needs after last year’s Note7 fiasco. And while the phones push the boundaries of smartphone design, they’re moreover surprisingly expensive — especially when compared to Apple’s iPhone 7 & 7 Plus.

The Verizon version of the Galaxy S8 & S8 Plus will retail for $720 & $840, respectively. That means the S8 is $71 more than the base iPhone 7, while the S8 Plus is $71 more than the base iPhone 7 Plus.

If you plan on buying your smartphone outright, that could assist determine whether you go with Samsung or Apple’s (AAPL).

The reason for the price difference? According to IDC Research’s Ramon Llamas, the added cost is likely from “a combination of factors, including manufacturing costs, marketing costs, component costs & others.”

Will such a price differential have a negative impact on Samsung’s S8 & S8 Plus sales? Not likely. Llamas says equipment installment plans through the Big Four carriers will spread the price across 24 months, turning that $71 lump sum into a few extra dollars each month.

That’s true, as Verizon says a 24-month plan for the S8 will cost $30 per month compared to the iPhone 7’s $27.04 per month. While paying a little more than $2 extra per month isn’t the end of the world, it could be the extra nudge that pushes an on-the-fence consumer to the iPhone.

After all, why spend more money on a device you have to learn to use, when you can spend less cash & obtain a handset you know?

Still, it’s not like you’re not getting anything extra from that $71 price delta. The S8 comes with twice the storage space as the base iPhone, 64GB versus 32GB, & packs a larger 5.8-inch display compared to the iPhone’s 4.7-inch panel. Of course, Apple’s iPhone 7 Plus moreover comes with a dual-lens camera with true optical zoom that ensures your images stay sharp when you zoom in on an object. While Samsung’s phones have a digital zoom, it produces zoomed images that aren’t as clear.

Do those benefits outweigh the S8’s $71 price premium? We’ll find out when the S8 & S8 Plus go on sale April 21.

More from Dan:

T-Mobile is making it harder for scammers to call you Samsung Galaxy Tab S3 review: The best Android tablet you can buy will cost you Why Apple announced its new iPad with such little fanfare Google is making it easier to plan your night in or out The 8 features we want in the iPhone 8 How to avoid falling for email scams

Email Daniel at dhowley@yahoo-inc.com; follow him on Twitter at @DanielHowley.

 

Consumer DiscretionaryTechnology & Electronics

Source: “http://finance.yahoo.com/”

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