Early Adopter Tax

Why buy a product for a premium price when it is first launched?  Among my friends, I am a notorious late adopter, but the iPhone changed my mind.

Reading this post from Patrick at cashmoneylife.com reminds me of my old ways.  Good stuff.

I’m not the kind of person who needs the latest gadgets. I don’t enjoy constant upgrading, tinkering, and tweaking, and I don’t want to buy something when it launches, only to see the performance double and the price drop by half in the first year. But I understand why some people do, and that’s cool too. Early adopters spur the industry and lead to the development of new and cheaper technology. It comes with a price though, which is often known as the early adopters tax… and it’s something I try to avoid.

Thoughts on the iPod Touch

First off, I can say this was definitely worth the wait and now I understand what all the fuss is about! The functionality is intuitive, the apps are great, and it’s just plain fun. I’ve already downloaded apps from the iTunes Store, including the Kindle Reader, Stick Wars, and a couple other games and tools. I look forward to getting a lot of use out of my iPod Touch. But of course, new technology leads to a new dilemma…. now I want an iPhone! But I’m not getting one… yet.

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