Tuesday, July 19, 2011

Companies with best service plans for Nook Color eReaders?

Almost all service protection plans are extremely overpriced. Remember, you're buying insurance, which is all about probabilities and payoffs. Paying $50 (B&N charges $54.95) for a $250 product (that rapidly becomes obsolete) is placing a bet that it's more than 20% likely that you'll need to use the policy. The actually likelihood is probably less than 2%, so such plans are simply too overpriced.

No comments:

Post a Comment