In response to low-cost yearly upgrade programs from T-Mobile and Sprint, Verizon this afternoon announced a new program that will let iPhone customers upgrade to a new iPhone each year provided half of the device cost has been paid and the old device is traded in.

News of Verizon's program was shared by Re/code, and the site says Verizon's program will be available to all Verizon customers who purchase an iPhone 6s or 6s Plus and pay for their phone in installments. This includes customers who have already pre-ordered their devices.

verizonlogo
According to Verizon, its new plan is superior to those offered by competitors because there is an option to pay off the phone over 24 months or pay half and trade it in each year.

"If you're not interested in upgrading, you still have the option to pay your phone off in 24 low monthly payments," Verizon said in a statement. "That's a better option than those "lease plans" offered by other companies, which can include surprise balloon payments just 18 months into your agreement, or ask you to turn over your phone without getting anything for it."

Earlier this week, T-Mobile introduced a JUMP! On Demand promotion that offers the iPhone 6s for as little as $5 per month with a qualifying smartphone trade in. Under the JUMP! On Demand program, customers can upgrade to a new phone as many as three times a year with device trade-ins.

Following the announcement of T-Mobile's promotional pricing, Sprint this morning announced limited time lower prices for its iPhone Forever program, letting customers get an iPhone 6s for as little as $1 per month with the trade-in of an iPhone 6.

With both programs, pricing varies based on iPhone 6s and 6s Plus capacity and the smartphone being traded in.

Top Rated Comments

ugcop Avatar
125 months ago
ATT just announced their new iPhone program.....pay cash full price for an iPhone and 12 months later you can pay full cash price for the latest one.
Score: 8 Votes (Like | Disagree)
PhoenixDown Avatar
125 months ago
Anyone want to do to a side by side chart of the various iphone purchasing/contracting/leasing/etc programs? :)
Score: 7 Votes (Like | Disagree)
cariacou Avatar
125 months ago
Until now, Apple Trade In Program was the most expensive.

I guess Verizon wasn't happy not having that title for once...
Score: 6 Votes (Like | Disagree)
Pfunstuff Avatar
125 months ago
AT&T rolls out a new iPhone upgrade program in 3...2...1...
Score: 6 Votes (Like | Disagree)
JohnApples Avatar
125 months ago
Why is this article displaying Verizon's old logo?

On topic, I'm glad there is competition spurring, but I still don't like any of these finance plans. They just seem to become more complicated and with more asterisks. Maybe it's just me, but I don't feel comfortable with any of these new plans.

I'll just stick to paying in full and not worrying about all this jazz.
Score: 5 Votes (Like | Disagree)
netnothing Avatar
125 months ago
Surprise ballon payments? Not from AT&T Next. It's pretty clear what your terms are.

-Kevin
Score: 3 Votes (Like | Disagree)

Popular Stories

AirPods Pro 3 Mock Feature

AirPods Pro 3 Just Months Away – Here's What We Know

Friday April 18, 2025 5:16 am PDT by
Despite being more than two years old, Apple's AirPods Pro 2 still dominate the premium wireless‑earbud space, thanks to a potent mix of top‑tier audio, class‑leading noise cancellation, and Apple's habit of delivering major new features through software updates. With AirPods Pro 3 widely expected to arrive in 2025, prospective buyers now face a familiar dilemma: snap up the proven...
iphone 17 air dummy unbox therapy

iPhone 17 Air's Extreme Thinness Demoed in New Video

Tuesday April 22, 2025 10:22 am PDT by
Apple plans to release an all-new super thin iPhone this year, debuting it alongside the iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max. We've seen pictures of dummy models, cases, and renders with the design, but Lewis Hilsenteger of Unbox Therapy today showed off newer dummy models that give us a better idea of just how thin the "iPhone 17 Air" will be. The iPhone 17 Air is expected to be ...
iphone 17 dummies sonny dickson

iPhone 17 Air Almost as Thin as Its Buttons, New Images Show

Thursday April 24, 2025 2:14 am PDT by
If you missed the video showing dummy models of Apple's all-new super thin iPhone 17 Air that's expected later this year, Sonny Dickson this morning shared some further images of the device in close alignment with the other dummy models in the iPhone 17 lineup, indicating just how thin it is likely to be in comparison. The iPhone 17 Air is expected to be around 5.5mm thick – with a thicker ...
ipad air windows 11 arm

M2 iPad Air Runs Windows 11 ARM via Emulation, Thanks to EU Rules

Tuesday April 22, 2025 5:01 am PDT by
A developer has demonstrated Windows 11 ARM running on an M2 iPad Air using emulation, which has become much easier since the EU's Digital Markets Act (DMA) regulations came into effect. As spotted by Windows Latest, NTDev shared an instance of the emulation on social media and posted a video on YouTube (embedded below) demonstrating it in action. The achievement relies on new EU regulatory...
iphone 16 pro models 1

17 Reasons to Wait for the iPhone 17

Thursday April 17, 2025 4:12 am PDT by
Apple's iPhone development roadmap runs several years into the future and the company is continually working with suppliers on several successive iPhone models simultaneously, which is why we often get rumored features months ahead of launch. The iPhone 17 series is no different, and we already have a good idea of what to expect from Apple's 2025 smartphone lineup. If you skipped the iPhone...
iPhone 17 Pro Blue Feature Tighter Crop

iPhone 17 Pro Launching Later This Year With These 13 New Features

Wednesday April 23, 2025 8:31 am PDT by
While the iPhone 17 Pro and iPhone 17 Pro Max are not expected to launch until September, there are already plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models as of April 2025: Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone ...
iOS 18

iOS 18.5 Includes Only a Few Changes So Far

Monday April 21, 2025 11:00 am PDT by
Apple seeded the third beta of iOS 18.5 to developers today, and so far the software update includes only a few minor changes. The changes are in the Mail and Settings apps. In the Mail app, you can now easily turn off contact photos directly within the app, by tapping on the circle with three dots in the top-right corner. In the Settings app, AppleCare+ coverage information is more...