And I thought people hated contracts??? Wasn't there great fanfare when T-Mobile dropped contracts and became the "Uncarrier" ?
Here's the deal... on-contract you paid $199 down and the other $450 was hidden inside your monthly phone bill. You were paying the full price of the iPhone all along... you just didn't realize it.
Today... you don't have to pay anything down at the time of purchase... and you simply pay $650/24 each month.
And the service portion of your bill will be lower since they're not hiding the misnamed "subsidy" in there anymore. Now you actually see how much of your bill is for service and how much is for the phone itself.
The point is... you'll be paying the same amount of money... just in a different way.
So if you think the loss of contracts means you'll never be able to afford an iPhone ever again... that is some strange thinking!
If you could afford an iPhone the old way... you can afford one the new way too.