Planning to spend Rs 82,900 on iPhone 17? Expert shares tips to double the money instead

Today was the first day of sale of the iPhone 17 and people queued up in large numbers outside Apple stores across India. From Delhi to Mumbai, long lines of eager customers could be seen waiting to buy Apple’s latest flagship device, which starts at Rs 82,900.

While the frenzy around the iPhone launch is nothing new, investor Vijay Kedia has sparked a conversation by suggesting that the money could be put to better use. In a post on social media, Kedia wrote:

“READ THIS BEFORE YOU BUY iPHONE 17. The iPhone 17 isn’t for everyone. Spend ₹1 lakh on this overhyped phone OR invest it in a mutual fund. In 6 years, ₹1 lakh can become ₹2 lakh — while the phone’s resale may sink to just ₹15k. That’s ~15x more value through investing. BETTER STILL, COME BACK — LEAVE THE QUEUE.”

Kedia’s tweet quickly caught attention, especially with thousands of buyers lined up outside stores. His argument highlights the stark difference between a fast-depreciating gadget and a growing investment. The iPhone’s value, he points out, could drop to a fraction of its launch price within a few years, while the same amount put into markets could potentially double.