Quote:
Originally Posted by leebase
The carriers pay upfront for the iPhone subsidy (as they do ALL of their phones)...and make it back, and then some, monthly.
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This might be the key... they (Verizon) might have brought on a lot of former AT&T customers who were sticking with AT&T despite the rumored poor coverage because they wanted to stay with the iPhone. Now that Verizon had the iPhone they could switch, meaning that the big red took a big hit up front, but that'll be made up over the next two years.
I'm probably VZW's worst nightmare... grandfathered into an older cheaper plan, grandfathered into unlimited data, still had a new every two upgrade discount [making the phone even cheaper], no texting, a LOT of in-network calling, and receiving a 22% corporate discount through my employer... I pay < $90/mo for three lines (only one has data) and paid $160 OUT THE DOOR [though, of course, subsidized] for my iPhone 4S.