Bad iPhone Upgrade Plans: AT&T Next, Verizon Edge, T-Mobile Jump
It has been said that lotteries and casinos are extra taxes on people that are bad at math. The same can be said of AT&T Next, Verizon Edge and T-Mobile Jump, the accelerated (smartphone) iPhone upgrade plans currently on offer.
Do the math and you will find that only thing the AT&T Next, Verizon Edge and T-Mobile Jump plans “accelerate” is how much money you give the carriers. When you add all of the payments, as well as the requirement to return used iPhones to the carriers, it’s clear that these programs are all about squeezing more money from customers rather than making it easier to upgrade:
Device payments for a 16 GB iPhone 5 owner upgrading after 12 months
Again, even after taking all of that money, the carriers want the iPhone back, which after a year is going to be worth at least $100 and likely much more, especially for the newest models.
In fact, the most cost-effective iPhone upgrade plan is just to pay full retail — you’ll save hundreds per handset.
So, don’t be fooled by the hype — the “new” AT&T Next, Verizon Edge and T-Mobile Jump accelerated iPhone upgrade plans are evil, just evil…
What’s your take?