“Planning to trade up to the iPhone 6 or 6 Plus?” Kelli B. Grant reports for CNBC. “Buying it outright may not be the best deal”
“Carriers’ handset financing plans with early upgrade capability — including Verizon Edge and AT&T Next — are increasingly worth a look for Apple fans aiming to trade up on an annual basis,” Grant reports. “‘By and large, the majority of customers will benefit from using those plans,’ said Todd Day, an industry analyst for Frost & Sullivan.”
“Over a two-year contract, for example, a regular AT&T customer and iPhone devotee might pay $2,810. That’s $200 for the first, subsidized 16 GB iPhone, $650 for a mid-contract upgrade to Apple’s latest, a $40 upgrade fee and $1,920 (before tax) over the 24-month period for a single line with unlimited talk and text and 2GB of data,” Grant reports. “An AT&T Next 12 customer, meanwhile, might pay $2,340—$390 in installments for the first phone, and then $390 for the upgraded one, plus $1,560 in service charges. Estimated savings: $470.”
Read more in the full article here.
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