- Apr 12, 2001
Following a strong backlash after the introduction of its AT&T Next smartphone upgrade program, AT&T has cut pricing on a number of devices in the program, including the iPhone.
Previously, the iPhone cost $32.50 per month under AT&T Next, making it more expensive than comparable plans from Verizon and T-Mobile. Now, however, the 16GB iPhone can be had for $27 per month -- one dollar per year cheaper than under a comparable Verizon plan.
Verizon's Edge program appears to work in a similar manner, and now, for a similar price. Splitting the $650 iPhone cost over 24 months yields monthly payments of just over $27, and thus a customer looking to upgrade after 12 months would have paid $325 in device payments and $240 from monthly service fees, making for total payments of $565 plus the device trade-in.
Article Link: AT&T Cuts Pricing on 'AT&T Next' Smartphone Upgrade Program, iPhone Now $1/Year Cheaper Than Verizon