Should you wait for the next iPhone?

20 July 2015

The announcement of a new iPhone model is expected in early September, and with it an important decisions for fans of Apple smartphones: should you bother waiting for the latest model?

Because the fact is, as soon as your phone contract ends you now own your current model iPhone. No more paying it off, no more fixed monthly payments.

Most Aussies adults spend between $60 and $80 per month on their mobile phone bill, with between $10 and $20 per month of this bill going towards paying off a phone. Paying just $240 for an iPhone might seem like a good deal, but how much would you save if you didn’t sign a contract?

Let’s assume you have been paying $80 per month for an iPhone 5s on contract, but when your contract expires you choose a cheaper SIM-only provider instead. Here’s how much you’d save:




Savings over 24-months


Unlimited 5GB

  • Unlimited Calls & Messages
  • 5GB Data
  • Optus 4G

$44.90 per month


Get this Amaysim Deal

Boost Mobile


  • Unlimited Calls & Messages
  • 3GB Data
  • Telstra 3G



Get this Boost Deal

Jeenee Mobile

Cruiser SIM Plan

  • 500-mins Calls, Unlimited SMS
  • 3GB Data
  • Optus 4G



Get this Jeenee Deal


  • Unlimited Talk + Text
  • 3GB
  • Optus 4G



Get this Yatango Deal

As you can see from just a few examples, if you currently pay $80 per month, you can halve your phone bill, save about $1000 and get the same level of inclusions on nationwide 4G networks.

Owning your own phone opens up a huge range of telco choices. Not only do the major carriers offering cheaper SIM-only (BYO Phone) plans, but there are dozens of Tier 2 providers to choose from as well.

Alternatively, you could sell your iPhone 5s and offset some of the extra expense of buying the new iPhone 6s when it is released, hopefully in September. This is a great option too, but remember there are a few important steps to consider before you sell an iPhone.

If you're still in the market for a new iPhone
Check all the latest, up-to-date iPhone plan prices right here

iPhone cartoon via Shutterstock

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