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Apple Mobile Products: iPhone, iPad, iPod
iPad Hardware and Accessories
iPad and AppleCare
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<blockquote data-quote="bobtomay" data-source="post: 1033790" data-attributes="member: 24160"><p>imho:</p><p></p><p>The purchase of extended warranties is a gigantic money pit for the consumer. Some of you will not realize this until you hit your 50's or 60's. The last time I sat down and figured out how much money I'd be out of pocket if I had bought extended warranties on all the cars, electronics, household appliances, etc. that i've purchased; I'd be out in the neighborhood of $30-40,000 at a minimum. </p><p></p><p>Extended warranties are a HUGE money maker for retailers. In many cases meaning the difference in their continued existence or their demise. At a 50% profit for the retailer, another 50% for the company that is actually supplying the warranty, that leaves 25% to pay for the actual repairs they may do, including the labor to do those repairs.</p><p></p><p>While it may be nice to have an expensive repair made for free, over a lifetime, the individual is the one that comes out on the losing end. That's why the actuaries get paid the big bucks.</p></blockquote><p></p>
[QUOTE="bobtomay, post: 1033790, member: 24160"] imho: The purchase of extended warranties is a gigantic money pit for the consumer. Some of you will not realize this until you hit your 50's or 60's. The last time I sat down and figured out how much money I'd be out of pocket if I had bought extended warranties on all the cars, electronics, household appliances, etc. that i've purchased; I'd be out in the neighborhood of $30-40,000 at a minimum. Extended warranties are a HUGE money maker for retailers. In many cases meaning the difference in their continued existence or their demise. At a 50% profit for the retailer, another 50% for the company that is actually supplying the warranty, that leaves 25% to pay for the actual repairs they may do, including the labor to do those repairs. While it may be nice to have an expensive repair made for free, over a lifetime, the individual is the one that comes out on the losing end. That's why the actuaries get paid the big bucks. [/QUOTE]
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