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How low can they go? Sprint offers $1/month iPhone 6s, but there are of course catches …

The carriers really are getting carried away trying to sell you an iPhone 6s as they respond to Apple’s own Upgrade Program. T-Mobile got the ball rolling with a $125 discount on an 18-month plan, before later offering an iPhone 6s from just $5/month if you trade in your iPhone 6 as part of the deal. Sprint has now responded with a similar deal for just $1/month.

This new offer is part of Sprint’s iPhone Forever program, which allows new and upgrade-eligible Sprint customers to get the newest iPhone as soon as it is available.

Of course, the old adage applies: if a deal seems too good to be true, it is too good to be true … 
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T-Mobile’s new ‘Jump! On Demand’ plan lets you upgrade phones up to 3 times a year

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T-Mobile is upgrading its Jump plan introduced two years ago to allow subscribers to move to new smartphones more frequently than before. The new Jump On Demand option lets you lease a smartphone for a small monthly fee, then trade it in for a new smartphone up to three times per year at no additional cost. For example, a base model iPhone 6 would cost $15 per month to lease with Jump On Demand after trading in an eligible smartphone.
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Sprint reportedly to join monthly phone hardware payments craze on iPhone launch day

Sprint is readying its own program that allows customers to roll in the cost of phone hardware in their monthly bill, according to CNET. Sprint’s program is reportedly called One Up, and it works in a similar fashion to the recently launched AT&T Next, T-Mobile Jump, and Verizon Edge initiatives.

All of the carrier programs principally work the same, with a few nuanced differences. Sprint’s One Up lets customers pick up a phone with no money down and pay for the device in 24 monthly installments. A phone that costs $649.99, for instance, will cost $27 a month (with the difference tacked on to the 24th payment). If a customer leaves the service early, that person is on the hook for the balance of the device cost, due the following month.

Unlike with a typical U.S. carrier contract, Sprint’s new program (like those from the other U.S. carriers) will allow customers to upgrade to a new device every year. The (subsidized) cost of the phone will be divided up into 24 installments and added to the customer’s monthly bill. A customer can trade-in that current hardware towards the new phone that they would like to upgrade to.

Notably, the new Sprint One Up program is claimed to launch on September 20th, which just so happens to be the launch date of the new iPhone 5s and iPhone 5c.


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T-Mobile announces Jump, an anytime upgrade club for $10 a month

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Just as several rumors suggested, T-Mobile has announced a new anytime upgrade plan at its press event today. ‘Jump’ will allow for customers to upgrade their phone more often than once every two years for an extra $10 a month every month. The plan will allow customers to trade-in their existing devices for a new one at the same or lower price. After a six month waiting period, customers will be able to upgrade their phone twice every year. The club will kick off on July 14th.

JUMP! from T-Mobile is designed to provide customers with total protection for one of their prized possessions: their smartphones. It offers the freedom to upgrade to a new device more affordably and protects against malfunction, damage, loss or theft — all for just $10 per month, per phone (plus taxes and fees). That’s just $2 more than most customers have been paying for handset protection alone.

“This is one of those things that annoys customers so much,” CEO John Legere said.
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