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Why an iPhone 8 over a 7? Is the performance much different?

Price wise an iPhone 7 Renewed on Amazon is only ~$250-260 (128gb) versus an iPhone 8 which is around ~$400 (64gb).

In addition to Dangus' comment with iPhone 8 you'll also get the same CPU that powers the iPhone X, which will be more than fine for quite a few more years. Furthermore I'm confident it will be supported with major software updates for a long time. It is the sweet spot for customers on a low budget or looking for a small phone. The iPhone SE, as much as I like to form factor, isn't a good new purchase at this point.

My understanding is that the iPhone 7 has a few more common hardware issues than the iPhone 8. Apparently a lot of iPhone 7 models are affected by messed up speakers and mics, the audio IC defect. Kind of an important feature.

I’ll admit that’s a pretty big price difference but I wonder if that has to do with the 7’s hardware issues making it a phone to stay away from. Or maybe it’s just old and that’s why it’s cheap.

Ah, maybe hardware issues. I will say, I have an 8 and the camera randomly broke on mine, and when I talked to someone who repairs them, she said that lately many of the 8 cameras have been breaking.

That said, the repair was fairly easy, it was a $30 camera and 20 minutes to repair it.

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