iPhone 8 Purchase Intent could only be hindered by Price

By this time next week, we will know all there is to know about the new iPhone model, including whether it will be called the iPhone 8. In a collaboration with SurveyMonkey, we, at Creative Strategies, set out to measure the level of interest in the new iPhone as well as the purchase intent. Through SurveyMonkey Audience we reached out to 1000 US consumers between the age of 18 and 65 and asked a few questions about their attitude to smartphone purchase as well as what they expect from Apple in the new iPhone release.

A Healthy Base

Before we asked about iPhone 8, we covered the basis to see what the opportunity in the market was for Apple. Sixty percent of the current Apple base has had their iPhone for at least one year or longer, 23% had their current iPhone between twelve and seven months and 17% for six months or less. This mix makes for a pretty substantial opportunity for Apple, but will it be the super-cycle some are expecting? Well, much of it depends on the upgrade habits of this base. The fact that 60% of current iPhone users have had their phone for over a year does not necessarily translate into a new purchase.

The good news for Apple is that 21% of current iPhone owners are planning to upgrade within the next six months and another 17% within the next year. When only looking at consumers who indicated they are extremely interested in the iPhone 8, intention to upgrade increases to 36% within six months and 24% within the next year. Fifteen percent of consumers who are extremely interested in the iPhone 8 said they plan to upgrade as soon as the new model is out.

iPhone owners take more control of their upgrade cycle with only 27% of users saying they only replace their phone if something breaks. This compared to the market average of 35% and 37% among current Samsung owners. The fact that only 24% of current iPhone owners are self-defined late adopters might impact the Apple numbers. Late adopters make up 38% of the overall US smartphone market and 34% of current Samsung owners.

Apple’s Biggest Opportunity

It will surprise no one that the iPhone 8’s most significant potential is with early tech adopters, 56% of which said they are either extremely or very interested in what Apple will be debuting on September 12.

Apple’s current base is the second largest source of interest with 34% of current iPhone users who said they are either extremely or very interested in the iPhone 8.

Also, good news for Apple to see that among smartphone owners planning to upgrade in the next six months a whopping 44% is either extremely or very interested in the iPhone 8

When we look at what phone models these consumers who are either extremely or very interested in the iPhone 8 currently own, it is interesting that 21% have an iPhone 7 or 7 Plus, 19% have an iPhone 6s or 6s Plus, and another 16% have an iPhone 6 or 6 Plus.

Interest alone, however, is not enough to gauge intent, so we went ahead and clearly asked what the likelihood of purchasing the iPhone 8 was. Fifty-seven percent of consumers who said they were extremely interested also stated they are extremely or very likely to buy. Early tech adopters remain Apple’s biggest opportunity proportionally, with 64% saying they are extremely likely or very likely to purchase or upgrade to the iPhone 8.

Finally, 32% of Apple’s current iPhone owners expressed their likelihood of buying or upgrading to the iPhone 8 as extremely likely or very likely. Close to ten percent of current iPhone owners mentioned that their likelihood to purchase would depend on the price of the iPhone. This was less of an issue with early tech adopters (4%) and among users planning to upgrade within the next six months (7%).

Interestingly, Apple sees some opportunity coming from its strongest competitor: Samsung. Seven percent of current Samsung smartphone users said they are extremely likely to upgrade to an iPhone 8 and another 15% are very likely to do so. While this is somewhat bad news for Samsung Mobile it is very good news for Samsung Display that will be providing the new OLED displays for the iPhone 8.

How Much of the Concern is Price?

Early tech adopters and consumers in the market for a new phone tend to keep up with rumors and news regarding any big upcoming product. When we listed the top rumored features and asked our panel which one they were most interested in, most gravitated around wireless charging, quick charging and improved camera sensors for improved pictures and AR. It seemed that Apple, should not be too concerned about fitting all the rumored features into the new model as consumers will buy it no matter what. When asked which single feature would be a deal breaker if missing at launch, 21% of the consumers who said they are extremely likely to purchase or upgrade to an iPhone 8 said they will be likely to buy it no matter what. Twenty percent of current iPhone users and 18% of early tech adopters felt the same way.

So if no particular feature is a deal breaker what else could influence the iPhone 8 purchase intent? Given the strong focus in the press on the price the new iPhone 8 might reach, we have been concerned that this would be the ultimate hindering factor for adoption and we wanted to validate our concern.

We first looked at early adopters, as they are usually the least price sensitive buyer. Thirty-two percent said that were excited to upgrade even if it was expensive so the price did not affect their decision much. Another 14% showed little concern as they are on an Apple upgrade plan. Finally, while maybe not ideal for Apple, not everything is lost as 18% said price did matter and they would consider another iPhone model if iPhone 8 were too expensive.

Current iPhone owners were a little more price sensitive, with 33% saying they would probably not buy if too expensive and another 33% saying they would turn to a different model, reflecting that the current base is today very diverse. There is a correlation between price and features of the new model and what perceived return on investment your current smartphone is providing. It is not so much the lack of innovation of new model as much as it is your level of contentment with the model you are currently using.

Of course, with the current installment plans, the rumored price might be more intimidating to consumers in their initial evaluation than it will actually be when the new plans are announced. In other words, thinking about an iPhone that could pass the $1000 price mark will likely put off more potential buyers than a monthly payment increase of $10.

As always, pre-orders and first weekend sales will be highly scrutinized as market watchers determine if Apple was able to pull another rabbit from the hat. Overall success, however, will be determined by sales of the new models as well as of the existing lineup becoming more affordable as our data strongly indicates.

Published by

Carolina Milanesi

Carolina is a Principal Analyst at Creative Strategies, Inc, a market intelligence and strategy consulting firm based in Silicon Valley and recognized as one of the premier sources of quantitative and qualitative research and insights in tech. At Creative Strategies, Carolina focuses on consumer tech across the board. From hardware to services, she analyzes today to help predict and shape tomorrow. In her prior role as Chief of Research at Kantar Worldpanel ComTech, she drove thought leadership research by marrying her deep understanding of global market dynamics with the wealth of data coming from ComTech’s longitudinal studies on smartphones and tablets. Prior to her ComTech role, Carolina spent 14 years at Gartner, most recently as their Consumer Devices Research VP and Agenda Manager. In this role, she led the forecast and market share teams on smartphones, tablets, and PCs. She spent most of her time advising clients from VC firms, to technology providers, to traditional enterprise clients. Carolina is often quoted as an industry expert and commentator in publications such as The Financial Times, Bloomberg, The New York Times and The Wall Street Journal. She regularly appears on BBC, Bloomberg TV, Fox, NBC News and other networks. Her Twitter account was recently listed in the “101 accounts to follow to make Twitter more interesting” by Wired Italy.

657 thoughts on “iPhone 8 Purchase Intent could only be hindered by Price”

  1. SLOT PG เว็บหลัก SLOT เว็บตรง ไม่มีขั้นต่ำ pg slot ฝากถอนไม่มีขั้นต่ำ ซึ่งเป็นเว็บเดิมพันสล็อตออนไลน์ ที่เยี่ยมที่สุด และก็มาแรงมากที่สุดในปี 2022 สล็อตPG เว็บใหม่ โดยเว็บพนันเกมของพวกเราได้ปรับปรุงตัวเกมทุกเกมให้ดี แล้วก็มีประสิทธิภาพสูงมากที่สุดอยู่เป็นประจำ PUNPGSLOT มีระบบระเบียบการเล่นที่ทันสมัยและ สล็อต PG เว็บหลัก ของจริง 100% พร้อมเปิดให้บริการตลอด 24 ชั่วโมง บริการต่างๆที่จะทำให้สมาชิกได้รับความสบายสบายเพิ่มขึ้นเรื่อยๆ กับระบบ ฝากถอนAUTOฝากเงิน ไม่มีขั้นต่ำ ไม่เกิน
    5 นาที เพื่ออำนวยความสะดวกนักพนันให้มากมายที่สุด สามารถร่วมสนุกสนานกับ สล็อตpg
    เว็บตรง ได้ในทันที สำหรับมือใหม่ที่ยังไม่มีประสบการณ์
    ก็สามารถร่วมสนุกสนานกับเราได้ง่ายๆเล่น SLOT ONLINE ไม่เก่ง ก็ระบบ ทดลองเล่นสล็อตออนไลน์ฟรี
    ได้ง่ายๆไม่เสียเงินเล่นเพียงเพียงแค่ทุกท่านสมัคร ไม่กี่ขั้นตอนเท่านั้น ท่านก็สามารถร่วมสนุกได้เต็มที่ กับเกม เกมสล็อต ที่กำลังมาแรงในขณะนี้ พร้อมได้รับมาตราฐานสากล มีการพัฒนาขึ้นโดยบริษัท PG SOFT ที่เป็นบริษัทแม่ โดยจากผู้สร้างโดยตรงจากต่างประเทศ
    PG SLOT แตกง่าย มีใบรับรอง พร้อมกับสิทธิประโยชน์หลาย พร้อมมีเกมให้เลือกเล่นมากยิ่งกว่า 88 เกมส์ โดยแต่ละเกมนั้นมีแบบอย่างการเล่นที่แตกต่างกันออกไป สล็อต PG เว็บตรง เว็บ ที่เปิดให้บริการเล่นเกมเกมสล็อตใหม่ล่าสุด ที่มีความทันสมัย วางแบบภาพออกมาในรูปแบบ 3
    มิติเพื่อเพิ่มความสนุกสนานไปกับการเล่น SLOT PG
    แตกหนัก พร้อมเปิดบริการ คาสิโนออนไลน์ ผ่านระบบอินเตอร์เน็ตซึ่งจะประกอบไปด้วยเกมต่างๆหลายอย่างที่จะทำให้ทุกคนได้พบกับประสบการณ์ใหม่ที่ไม่เคยเจอ ได้แก่เกม SLOT ONLINE,แทงบอล , บาคาร่า , ROULETTE , หวยออนไลน์ , blackjack ,
    poker , เกมยิงปลา และอีกมากมายที่จะทำให้
    pg slot เว็บใหญ่ ของเราสามารถดูแลสมาชิกของพวกเราได้ทั่วโลก
    และยังเป็นศูนย์รวมเกม SLOT PG แตกง่าย สูงที่สุด เราได้รวมเกมจาก เว็บไซต์สล็อต
    PG ทั้งปวง ไม่ว่าจะเป็นเกมสล็อตแตกง่าย
    แตกหนักๆหรือเกมยอดนิยมเราก็พร้อมให้บริการ แต่ละเกมมีกราฟฟิคภาพที่งาม ภาพ ความแหลมคมชัด เสียงเต็มไปด้วยความอรรถรส เพียงแค่ทุกคน สมัครสมาชิก
    PGSLOT เว็บตรง กับ พวกเราเท่านั้นสมัครเพียงไม่กี่ขั้นตอนทุกๆท่านก็จะได้ โปรโมชั่นมากมาย ให้เลือกเล่นมากมาย ทุนไม่ต้องเยอะก็ลุ้นรับรางวัลแจ็คพอตได้ สล็อตพีจี
    เว็บใหญ่ ที่ได้รวม แตกบ่อย สล็อตเว็บตรง ไม่มีขั้นต่ำ PG SLOT
    ทั้งหมด ได้อย่างไร้ขีดจำกัด ด้วยระบบการเล่นแบบด้วย บริการและระบบฝากถอนAUTOฝากถอนไม่มีขั้นต่ำ
    พร้อมรองรับการเล่นทั้งคอมพิวเตอร์รวมทั้งโทรศัพท์มือถือ เล่นได้ผ่านหน้าเว็บ ซึ่งสามารถเล่นได้ทุกระบบปฎิบัติการ
    ไม่ว่าจะเป็นระบบ IOS หรือ Android ไม่จำเป็นต้องโหลดแอพลิเคชั่นมาให้ยุ่งยาก เล่นง่าย
    จ่ายจริง โบนัสมีให้ไม่ยั้ง พร้อมเว็บไซต์ใหม่ก็ได้อัพเดทกันอย่างเรียลไทม์
    สมาชิกของทาง punpgslot ได้เล่นก่อนผู้ใดแน่นอน
    รีวิวเกมส์ให้สมาชิกได้ศึกษาและหาความรู้ใหม่ๆให้เข้าใจตัวเกมก่อนเล่น แม้กระนั้นในตอนนี้เรารู้กันก่อนเลยว่ามีเกม สล็อตพีจี เพื่อให้ท่านได้ร่วมสนุกกับทางพวกเราได้มากยิ่งขึ้น
    พีจีเว็บตรง

  2. Superb post however I was wanting to know if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit more.

  3. You are so interesting! I don’t suppose I have read anything
    like this before. So wonderful to discover another person with
    some genuine thoughts on this issue. Seriously.. thank you for starting this up.

    This website is something that is needed on the web, someone with a bit of originality!

  4. Howdy would you mind sharing which blog platform you’re using?

    I’m planning to start my own blog soon but I’m having
    a hard time choosing between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems different then most blogs and I’m looking for
    something unique. P.S Apologies for being off-topic but I had
    to ask!

  5. Hello! This is kind of off topic but I need some help from an established blog.

    Is it difficult to set up your own blog? I’m not very techincal but I can figure things out pretty
    fast. I’m thinking about creating my own but I’m not
    sure where to start. Do you have any points or suggestions?
    Appreciate it

  6. Any Android smartphone that is not too old is a good option for playing at a mobile casino. Older phones are good for accessing a mobile casino, true, but a newer version is always better. The newer phones have better and more advanced features, starting with something as basic to a good mobile gaming experience as the quality of graphics. Although there are many great offers for free casino spins on this page, we think that Red Dog Casino has the best promo. Click here and use the bonus code “LUXRED” to get 100 free spins with a low minimum deposit of $10. Stelario Casino Bonus Party Casino NJ online is one of the premier destinations for those seeking online casino gaming in the Garden State. However, it also makes a splash in Pennsylvania. With a large catalog of slot machines, table and live dealer games, it provides players a variety of exciting features. Ongoing promotions provide a great opportunity to boost your bankroll on a daily basis. But it all starts here – Use Party Casino bonus code GDCPARTY when creating your account and enjoy!
    http://future-wiki.win/index.php?title=Free_online_casino_win_real_cash
    If for some reason or another, you are unable to sign up, we have plenty of other viable options for you, right here at AboutSlots. If you are looking for new casinos and bonuses, we highly recommend checking out Lucky Dreams Casino and Play Frank Casino which are equally as thrilling. Primarily, security and trustworthiness are Lucky Nugget’s most prized assertion. At the moment, the casino is licensed with both the Malta Gaming Authority and Kahnawake Gaming Commission. We are expecting Lucky Nugget to pick up a UK Gambling Commission license as the casino still operates without any problems in the UK. Lucky Nugget Casino is not that great but this is because we have very high standards and our experts only care about the best online casinos. Overall, Lucky Nugget has a good gaming offering since it uses software from Microgaming and it is compatible with platforms for iOS, Android and Windows.