Two-year cell phone contracts are officially dying.
Verizon has simplified its plan offerings — it now sells data in “buckets” that can be shared by up to 10 devices.
Here, we break down exactly how these new plans differ from the old way of buying phones.
are used to picking up a new phone every two years for free or at a heavily discounted price.
A growing number of manufacturers are selling “unlocked” phones—devices that can easily be used among the four major wireless carriers—directly from their websites or stores through payment plans.
Apple’s i Phone Upgrade Program lets customers get a new i Phone every 12 months, along with two years of the company’s insurance program, for .41 per month for the basic model.
Customers can choose between buying a phone upfront, or paying for it over 24 monthly installments.