verizon building

Following up on T-Mobile’s decision to lease the iPhone 6s for $5 a month and Sprint’s move to undercut that deal at just $1 a month, Verizon announced a plan today to let iPhone owners upgrade to a newer model every year.

Verizon’s plan isn’t a lease like those from competitors. The company still expecting subscribers to pay off their phone over the course of 2 years if they choose not to upgrade in one year. Essentially the plan seems to function like a two-year contract, but with an added clause allowing you to re-up annually if you want the latest iPhone.

iPhone 6s buyers who pre-ordered the device already will get this deal automatically, as will anyone who signs up for Verizon and agrees to pay for their phone over a two-year period.

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Mike Beasley's favorite gear