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killerzX on 23 October 2012
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sales2099 said:
VGKing said:
This is a rip off. I'm sorry but it's true. $450+ for an Xbox 360 is ridiculous.
Instead of decreasing the price, Microsoft is increasing it.

I pray to god that people are smart enough to do simple math.

All you need to do is provide games for your console and people will buy it. If you are concerned about the install base of your console, decrease the price! This is how this works. Don't fool people into thinking your console is cheaper than the others and trick them into paying monthly fees.

/rant

You dont understand the concept of interest do you?

For a low down payment, you have a lower price of entry in exchange for paying more long term.You spend more money yes, but its good for many families who cant pay 100% upfront.

Stop descriminating against the lower class people. This tactic was invented a LOOOONG time ago before MS did this.

you dont take out loans on something that costs a couple houndred dollars. you do that on huge purchases/investments like homes and cars.

Just like any objective observer would say pay day loans are a horrible decision.

Low income families are the last people that should be thinking about utilizing this deal. if they cant afford to pay ~$200 upfront they should absolutely not be doing this deal. it makes zero financial sense. They should be paying bill instead with this money.

 

is this a great business model for microsoft? Yes. is it a good deal for the most consumers? No. but obviously microsoft is in the business of making money, and that is the only obligation they have, and they do a great job of doing. so, im not going to fault them for making good business decisions.