Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
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Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes, while some nations have outlawed the products...Health and Scienceread more
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Sure it's cool, but is that worth a cool grand?
"Consumers are asked to pay $1,000 for the new iPhone X at a time when credit card debt is approaching record highs," said Jill Gonzalez, a senior analyst at WalletHub. "Still, installment plans and other financing arrangements will help the iPhone remain as popular as ever, even if, from an economic point of view, it's not the best time to indulge in such expenses."
Those considering the purchase should still weigh whether it is cheaper to buy or lease and compare installment plans and contracts first, Gonzalez said.
Financing options can cushion the blow. Those who finance the phone through Apple's upgrade program will only end up paying about $50 a month, not including a wireless plan.
Patrick Moorhead, an industry analyst at Moor Insights & Strategy, expects virtually everyone interested in the new iPhone X, which rolls out later this year, to use an installment plan.
On the flipside, consumers who proactively froze their credit to ward off identity thieves after the recent Equifax data breach could now face delays and fees if they try to line up financing for a new phone.
Either way, shoppers may be better off waiting — for now.
"The best time to purchase a new iPhone will be over the Black Friday season," according to Michael Bonebright, a consumer analyst at shopping comparison site DealNews.
"Stores like Best Buy will often bundle store gift cards to lower the cost of smartphones," he said. "Whatever you do, don't purchase Apple products from the Apple store. They haven't offered Black Friday discounts over the past two years and the store never hosts sales."
"On the Money" airs on CNBC Saturdays at 5:30 a.m. ET, or check listings for air times in local markets.