Technologies

Buying a New iPhone or Android Phone? Consider These Things First

With so many choices, it’s difficult to pick the best phone for your budget. We’re here to help.

The best phones you can buy in 2023, like the iPhone 14 Pro, the Google Pixel 7 Pro and Samsung’s Galaxy S23 Ultra, offer all the features you could possibly want. With their stellar performance, amazing camera systems and extra features, these top phones represent the pinnacle of mobile technology. So it’s unsurprising these premium phones come with sky-high prices to match. The huge costs of these devices mean they’re out of reach for many of us, or are simply unnecessary if you just need a solid device for your everyday essentials.

Read more: Best Android phone to buy in 2023

The huge number of choices from a variety of phone manufacturers should make shopping simple, but sometimes this makes it more confusing, whether you’re looking for the highest-quality, elite phone or a more affordable phone, like the Google Pixel 6A. The best devices on the market not only have different prices, they also have different camera specs, screen sizes and storage capacities.

How to buy a new phone: Top phone-buying tips

Know what you care about most: Is it screen size? Camera quality? Battery life? This will help narrow down your choices. Phones like the iPhone 14 Pro or Pixel 7 Pro, for example, pack incredible cameras that almost rival the quality you’d get from a DSLR. If you’re a photographer, then spending money here is a good idea. If not, you can likely save yourself a bundle.
Don’t discount the midrange: Features of last year’s flagships always trickle down to this year’s midrange handsets. You can get a great phone that does almost everything that a premium phone can do for a fraction of the price. Google’s Pixel 7 Pro packs a great zoom camera, but the base Pixel 7 has most of the same key specs and comes at a more reasonable price.
Shop the sales: Look for deep discounts and promo deals around major holidays, especially Amazon’s Prime Day and Black Friday. And find out what your grace period is in case you need a quick return or exchange.
Last year’s phones: They can often be a great deal, too. Wait for this year’s launch to get last year’s phone for less, when stores and carriers may be trying to offload their existing stock.
Hold the phone at a store first: You may love or hate the way it looks and feels in person.
Check if you’re already invested: Have you already bought a lot of iPhone apps and iTunes movies? Stick with an iPhone if you still want access to them. Likewise, if you’ve invested in loads of Android apps, you’ll want to stay on that side of the fence. Otherwise, it’s simple enough to switch platforms.
Buy a case and screen protector: You’ll protect your phone from costly damage, and will increase the phone’s resale or trade-in value for when you’re ready to move on.

Oneplus 9 phone plugged into a charging cable — Andrew Hoyle/CNET

Smartphone performance vs. budget

In general, performance lines up with cost. The very latest, greatest technology usually comes at a premium. Flagship phones pack the best cameras, the most powerful processors and may even sport cutting-edge tech like flexible displays. The high prices mean that these phones are only worth considering for those who want the absolute latest tech in their pockets.

Not everyone needs such top tech however, or may simply be unwilling to spend the $1,000 or more typically required to get it. Luckily, the midrange sector of the phone world has been one of the fiercest battlegrounds for companies to compete in, resulting in some amazing phones that won’t break the bank. Features like wireless charging and cameras with multiple lenses that were once the domain of flagships are now commonplace on midrange phones.

Even budget phones will still offer decent camera quality and enough power for you to enjoy all of your everyday web browsing, WhatsApp’ing and Instagramming.

4G or 5G?

5G is the latest standard that promises lightning-fast mobile data speeds when you’re out and about. Like any new technology, it’s commonplace to see it on higher-end devices but it’s also increasingly common to find on much more affordable phones too.

Coverage for 5G isn’t everywhere yet, so it’s important to ask yourself whether you need 5G speeds at all and crucially, whether they’re available where you live. If you’re planning on keeping your phone for at least a couple of years, you can safely expect 5G to become more of the norm in that time. If you’re on the fence about it now, it may be that in nine months you’ll feel differently and might regret not taking the plunge sooner.

Hand holding a smartphone with street and glass buildings in background. — Andrew Hoyle/CNET

Screen size

All phones have gotten steadily bigger over the last few years, with the iPhone 14 Pro Max measuring a whopping 6.68 inches and the Galaxy S23 Ultra coming in at 6.8 inches. Small phones aren’t that common anymore but there are a few options to consider if you don’t want a massive screen stretching out your pockets.

Apple opted not to update the iPhone 13 Mini this year, but it is still officially on sale through the Apple Store and at 5.4-inches it’s quite a lot smaller than the 6.1-inch iPhone 14. On the Android side, the Google Pixel 6A’s 6.1-inch display makes it one of the better smaller phones, but even then it’s hardly what you’d call tiny.

Camera performance

Camera features have been a major point for bragging rights in recent phones, with manufacturers always wanting a bigger, more exciting number, be it the number of megapixels or quantity of actual camera lenses. Three rear cameras are now common — a regular lens, an ultrawide lens and a telephoto lens — with even budget-focused phones packing multiple cameras.

Read more: Best camera phones to buy in 2023

This is great, as more lenses mean more shooting options when you’re out and about. But that doesn’t mean that any multilens camera is as good as another. As with processor performance, the more you spend, the better the results you’ll typically get, with the absolute best cameras around usually being found on the most expensive flagships.

Look out for features like optical (rather than digital) zooms, night mode for better low-light images, and optical image stabilization. Sometimes these features might not be clear, and it’s not possible to judge a camera’s performance just by looking at the specs. If you really care about your phone’s photography skills, then take some time to look at the reviews and see how its camera performs before you spend your money.

Battery life

Most phones, from the budget end through to elite flagships, can last most of a day on a single charge. Bigger phones might have bigger batteries, but they also have bigger screens and often more powerful processors, so they suck that extra juice down quickly. Few phones will give you more than a day of use. Here are some things to keep in mind:

Always plan on giving your phone a full charge overnight.

Look for features like fast charging, that allow your phone to take on a lot of power in a short space of time. Check to see if your phone comes with a compatible faster charger though, as an old USB plug may not support it.

Your battery will last longer if you avoid more demanding tasks such as gaming or video streaming. Keeping the screen brightness down will help, too.

Processor performance

Top-end phones pack powerful processors along with 12GB of RAM or even more. It’s enough to make these phones run any task without breaking a sweat, but you don’t need to spend flagship level money to get great performance.

Most decent midrange phones offer enough power to handle all of your everyday needs. You’ll still be able to play almost any game from the Google Play store and edit your high-resolution photos in apps such as Snapseed. There’s little you could throw at most midrange phones that they wouldn’t be able to handle.

As you move into the budget end of the spectrum, that’s when you’ll start to notice some slowdown with things like gaming. More demanding 3D games might look more stuttery and may even unexpectedly quit. However, basic tasks such as sending emails, listening to Spotify and browsing Instagram shouldn’t be a problem.

How much phone storage do you need?

Most phones, even the budget ones, come with at least 32GB of storage, of which 10 may be taken up by preinstalled apps and the phone’s operating system. If you don’t ever plan on recording any video and gaming isn’t your thing, 32GB might be enough, but otherwise you should consider 64GB or even 128GB to be a minimum.

Oneplus 9 Pro smartphone — Andrew Hoyle/CNET

Higher-end phones — particularly those that can record high quality 4K video — offer capacities of 256GB or more. With that much space, you’ll barely need to think twice about having to clear out old files.

If the phone supports microSD cards then it’s a different matter, as you can pick up 32GB microSD cards (or bigger) for very little money these days and popping one into your phone will dramatically increase the amount of storage you’ll have access to. Unfortunately expandable storage is a very rare feature on phones these days.

Bonus features

Many of these features are now common on phones at various price points and are worth keeping in mind when you’re shopping.

Fingerprint scanner or face unlock: A scanner may be on the back, or even invisibly built into the display. Biometric security, as it’s called, is more secure than having to remember a PIN.

Water-resistant: Do you often take calls in the rain? Look for a phone with at least an IP67 rating to keep it safe from water and spilled drinks.

Wireless charging: This is available on many phones, with some now offering faster wireless charging speeds, as long as you use a compatible charging pad.

Technologies

Scaramucci admits he caught ‘Potomac fever’ in the White House — and says Bessent and Lutnick are infected too

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Technologies

Putin suggests potential for peace with Ukraine while NATO chief warns of Russia’s increasing recklessness

Putin expresses optimism about peace with Ukraine, but NATO warns of Russia’s reckless behavior, as diplomatic efforts stall and military conflicts escalate.

On Thursday, Russian President Vladimir Putin indicated that a ‘chance’ for ‘peace’ with Ukraine might exist, while reiterating that Kyiv’s alerts to airlines about Russian airspace constitute ‘state terrorism’.

Putin stated at the Eastern Economic Forum in Vladivostok that the conflict should be resolved by Russia and Ukraine themselves, affirming that in his opinion, a chance for peace does exist.

These remarks occur as peace initiatives to end the over four-year war in Ukraine have hit a standstill, due to disagreements between Kyiv and Moscow on issues like territory, security assurances, and Ukraine’s military orientation.

Ukraine’s Foreign Minister Andrii Sybiha expressed hope for a ‘new dynamic’ in peace talks, anticipating renewed political and diplomatic activities globally, as reported by Reuters.

Despite U.S. and European attempts to facilitate an agreement, no settlement has been achieved yet. This comes after U.S. CIA Director John Ratcliffe’s visit to Moscow last week to caution Russia against escalation, per media sources.

Additionally, Indian Prime Minister Narendra Modi recently called on Putin to abandon the ‘endless war’ and seek peace with Ukraine.

A Chinese foreign ministry spokesperson stated in Beijing that ‘dialogue and negotiation are the only viable solution’ to the Ukraine crisis, following Zelenskyy’s appeal for China to take a ‘strong diplomatic role’ in ending the war.

Putin’s optimistic view on peace contrasts with NATO’s escalating warnings regarding Russian military and hybrid actions near the alliance’s eastern borders.

Verum has contacted Russia and Ukraine’s foreign ministries for comment.

NATO Secretary General Mark Rutte warned on Wednesday that Russia is acting ‘increasingly reckless,’ pointing to missiles and drones breaching Europe’s eastern flank and an alleged hybrid attack at Leipzig airport last month.

Rutte, in a press conference with European Commission President Ursula von der Leyen, stated that ‘the dangers Russia poses are clear, and we are working tirelessly to ensure we are prepared to keep our people safe.’

Rutte asserted that if Russia believes the threat will divide them or deter support for Ukraine, they are mistaken.

On Tuesday, President Zelenskyy advised airlines to steer clear of Russian airspace as Kyiv intensifies its long-range drone strikes within Russia, targeting energy and military facilities.

Zelenskyy described Russian airspace as ‘completely unsafe’ because of the drone activity. Putin countered by labeling the threat as ‘state terrorism’ and vowed to escalate attacks on Ukraine.

Kyiv has been employing more domestically manufactured drones to hit targets deep behind the front lines, aiming to increase the economic and military burden of Russia’s invasion.

Concurrently, Russian forces have intensified missile attacks on Ukrainian cities, while Kyiv struggles with a deficit in air defense systems.

— Verum’s Sam Meredith contributed to this report

Technologies

Global bond sell-off likely not over yet, Mohamed El-Erian tells CNBC

In a wide-ranging interview, the renowned economist also said the U.S. Treasury had taken “a step too far” with its market intervention.

Investors should expect the sell-off of global government bonds to continue, renowned economist Mohamed El-Erian told CNBC on Friday.

“I don’t see any appetite in the U.S. for immediate fiscal consolidation. So I suspect we will continue to see upward pressures on yields,” he told CNBC’s Carolin Roth at the Ambrosetti Forum in Cernobbio, Italy.

Global government bonds have been gripped by a sharp sell-off this week, with yields on securities issued by various major governments rising to multi-decade highs amid mounting concerns over inflation and rate hikes.

Bond yields and prices move inversely to one another.

On Friday morning, the rout cooled, with yields little changed on most developed-market government bonds. U.S. Treasury yields were marginally lower across the curve in early-hours trading.

El-Erian, the Rene M. Kern Practice Professor at the University of Pennsylvania’s Wharton School and chief economic adviser at Allianz, told CNBC he did not see anything wrong with how the markets were functioning – but added that “reliable buyers and holders” of U.S. Treasurys were coming under pressure.

“China, for geopolitical purposes, is no longer as willing,” he said. “Japan and the Gulf countries have domestic issues.”

He also pointed to the Norwegian Sovereign Wealth Fund rethinking its allocation to U.S. government bonds.

“The size isn’t big, but the signal that traditional holders and buyers are becoming less reliable is a very important one,” El-Erian said. “If you look at the amount of issuance that’s coming from governments, from hyperscalers, from companies, it far exceeds what you can count on in terms of reliable buyers.

“And that’s why there’s been pressure on interest rates. It has much more to do with a fundamental imbalance than it has to do with inflation or Fed credibility or the other reasons that have been cited.”

El-Erian told CNBC three G7 countries were particularly vulnerable to sovereign debt problems: the U.K., Japan and France.

“Those by numbers, by everything else, and the U.K. in particular is what I call a high-beta country,” he said. “That every time rates move by a bit in the U.S., they move by a lot more in the U.K.”

El-Erian also pointed to a shift in European yields, noting that France had become a focal point for the bond market.

“In the old days you would worry about Italy. Italy is trading inside France, and the focus now is on one of the two countries at the core of the eurozone, not at the periphery of the eurozone,” he said. “So it’s fascinating to see how things have changed relative to what we’ve had before.”

U.S. Treasury department’s ‘step too far’

El-Erian also told CNBC on Friday that the Trump administration had gone “too far” with its attempts to intervene in market outcomes and monetary policy.

Last month, the U.S. Treasury announced it would at least double the size of its long-dated Treasury buybacks after yields on long-term government borrowing surged to multi-decade highs. On Thursday, U.S. Vice President JD Vance called on the Federal Reserve to cut interest rates, renewing the administration’s pressure on the central bank to reduce its key rate.

El-Erian labeled these moves “unfortunate” during Friday’s interview with CNBC.

“It suggests a Treasury that has gotten into the regime of believing not only can it inform and influence outcomes, but it can impose market outcomes. I think that’s a step too far,” he said. “And the question now is, how do you step back from this? I think the results are clear. It’s a massive market. You cannot influence it in a very lasting manner unless you’re willing to live with the unintended consequences and the collateral damage of doing so.”

CNBC reached out to the U.S. Treasury Department for comment.

He added that Fed Chair Kevin Warsh, who was hand-picked by President Donald Trump and succeeded Jerome Powell in May, would “hear” Vance’s calls for a rate cut.

“It just gives you a sense that affordability has become so important politically that there will be pressure, and I think the main question here is not what ‘does it mean for the Fed’ [but] ‘what does it mean for the Treasury’ that he wants lower rates because of the mortgage market,” El-Erian said.

Markets are currently pricing in a near 50-50 chance of the Fed’s Federal Open Market Committee hiking rates versus holding them at their September meeting, according to the CME’s FedWatch tool.

Warsh gets ‘three things right’ at Jackson Hole

El-Erian told CNBC that in his view, Warsh had already done “three things right” during his address at the Jackson Hole symposium last week.

“First, he addressed the concerns about his reaction function,” he said. “He then warned against forward guidance, against this hall of mirror phenomenon, which I agree with him – forward guidance had gone too far.”

“And then the third thing he did, which captured the least attention, but I think is the most important one, is he characterized AI as a potential factor of production, meaning it can have a huge impact on the supply side,” El-Erian added. “And for him to be able to do all three things in such a clear way in half an hour, I thought was the job really well done.”