$50 will get you the Samsung Galaxy Nexus from Verizon
This is true with the Samsung Galaxy Nexus. When it was first launched by Verizon last December, it came with a hefty price of $299.99 with a 2-year contract. Since then, there have been some major price cuts, with it being reduced to $199.99 back in April, followed by $149.99 in June, and then $99.99 in July.
Now Verizon is offering the Samsung Galaxy Nexus for a low $49.99 with contract. Most likely, Verizon wants to sell-off their remaining stock of the device (which was never a hot seller), as newer phones are about to hit this holiday season, such as the Motorola DROID RAZR HD and MAXX HD, HTC DROID Incredible X, and the Samsung Galaxy Note 2.
Does the new lower price of the Samsung Galaxy Nexus entice you to buy the only current Verizon smartphone with Android 4.1 Jelly Bean, or are you waiting for one of the newer smartphones to come out?
source: Verizon Wireless
1. lauremar posted on 03 Oct 2012, 10:32 9 2
And pay an arm and a leg on a 2-year contract and monthly bills?!!! NO THANKS... I would rather get $349 unlocked Galaxy Nexus at Google Play and not be tied to any contracts from money-hungry wireless providers.
2. Mxyzptlk posted on 03 Oct 2012, 10:48 2 8
I don't think this is a good deal especially since that version of the phone did not see Jellybean when it was released.
3. lauremar posted on 03 Oct 2012, 10:55 4 2
Exactly! And the one from Google Play comes with Jellybean out of the box. Thanks for pointing that out :)
12. stoic127 posted on 03 Oct 2012, 11:46 4 0
when this phone came out jellybean wasnt around. It was the first phone with Ics. It is the only vzw with jellybean.
25. Synack posted on 03 Oct 2012, 16:28 0 0
As soon as you connect the phone to WiFi it upgrades it to Jelly Bean....
4. The_Innovation posted on 03 Oct 2012, 10:55 5 2
Once again, this phone should be FREE with a 2 year contract.
It's $349 without a contract, so it makes sense.
6. AmitMajumder posted on 03 Oct 2012, 11:15 1 1
I wanna know what is this 2 year contract? What is the purpose of it and how can it make the price of a smart phone like galaxy nexus so low?
8. IHateApple posted on 03 Oct 2012, 11:23 1 2
I don't live in America But according to my understanding. You buy a phone by paying a specified amount of money and you own the phone for 2 years and then return it to the wireless carrier. This is called a contract. The price you pay for contract is usually much less than you would pay for unlocked handset.
I have only one doubt:-
Let us assume I live in America and I want to buy a SGS3. Will the monthly bills be less if I buy the phone WITHOUT contract for the same amount of usage?
10. IHateApple posted on 03 Oct 2012, 11:42 0 0
15. IHateApple posted on 03 Oct 2012, 11:49 2 0
That pretty much covers all the pros and cons of Phone Contracts. Thanks for asking the question. By trying to search for you, I cleared my own doubts too. :D
14. joeschmo posted on 03 Oct 2012, 11:47 4 0
You are not obligated to return the phone after the 2 year contract is up. Once you buy the phone on contract, it's yours forever.
17. IHateApple posted on 03 Oct 2012, 11:51 1 1
Really?????? UNBELIEVABLE!!! Phone Contracts are completely useless then (if you are clever enough) !!
Thanks for the info though. Glad someone cleared that doubt up. :D
21. techspace posted on 03 Oct 2012, 12:28 1 0
actually, you can keep the phone with you forever, buying locked phone is like taking a home loan where you end up paying the actual price as well as the interest after a few years
the carrier charges you more than the actual price of the phone($350 in this case).......you will end up paying $500 more than what you would have paid with an unlocked(contract free) phone which means that the locked phone ends up $200 costlier than the unlocked phone
unlocked phones are always better than the locked phones....
27. IHateApple posted on 04 Oct 2012, 05:49 0 0
Thats what i thought!!! :D
18. bart7773 posted on 03 Oct 2012, 11:51 2 0
I'll try to offer an explanation to help... I have been using VZW for the past 10+ years. I'm not in the industry but an avid fan of gadgets.
The 2-year contract and the recurring revenue that it provides via the services used is more valuable and generates more revenue than selling a device at full retail price. That said, VZW offers a subsidized price for a smartphone (i.e. $249.99 instead of the full retail $599.99) taking an inital loss when a customer agrees to a new 2-year contract. The customer cannot break the contract without paying an early termination fee of up to $350.00 that is prorated over the time used on the contract. The 2-year contract can average around $80-100/month or more. At the end of the 2-year contract the customer will own the device and the contract will stay in place billing month-to-month. At least until the customer wants to upgrade their smartphone and the cycle begin's again with a new 2-year contract or cancels their service without a termination fee.
Hope this helps...
28. IHateApple posted on 04 Oct 2012, 05:50 0 0
It does help. Thanks mate!
29. AmitMajumder posted on 04 Oct 2012, 07:38 0 0
Thanks bro for the explanation... :)
16. stoic127 posted on 03 Oct 2012, 11:51 2 0
when you buy the phone you have two options either the msrp with no contract or the discounted subsidized price with a 2 year agreement. The agreement is ususally enforced with a termination fee. The contract ensures that the company has an opportunity to make a profit while at the same time getting the customer a phone at a discounted rate. The phone is yours. You are not leasing or renting the device. The carrier does not want it back.
20. techspace posted on 03 Oct 2012, 12:15 2 0
let me explain it to you in simple words
locked phone is like taking a loan with emi for 2 years and in this case, $50 is the down payment
american carrier(like airtel, bsnl etc in india) verizon gives the phone for $50 under a 2 year contract and you have to pay monthly phone bills to the carrier, it would end up costing you more than the actual price of the phone
buying unlock(contract free) phones is always a better option and you will end up saving more money after 2 years, just like a house bought directly without any loans is actually cheaper because you don't pay the interest......
22. vqc61 posted on 03 Oct 2012, 13:01 0 0
Please explain how you would save money by buying an unlocked phone, unless, of course, you plan to use it as paperweight and not put it in service. If you use the same services from a carrier, it would cost you the same whether you're on a contract or pay month-to-month.
23. techspace posted on 03 Oct 2012, 13:25 3 0
I have personally experienced that even after paying the unlocked phone tariff plans and buying the unlocked phone at the full price, you will still save 9 to 10 dollars every month which means that the locked phone is at least $200 more expensive than the unlocked phone and if you want, you can save more by using apps that offer free calls and messages in USA and Canada and some people can also move to the other carriers that offer cheaper plans.....
7. wolstenbeast posted on 03 Oct 2012, 11:17 3 1
Or you can go to Walmart and pay 97c on Upgrade or New Two Year Activation
11. AndroidShiz posted on 03 Oct 2012, 11:42 2 0
Can't believe it's actually the same as Amazon's price. Even on initial launch, Amazon was $149 while Verizon was a whopping $300. Would never buy a CDMA Nexus though. The Nexus 5 is also probably about to be announced any week now and then this will prolly be free for those that care.
26. jesusLTEchrist posted on 03 Oct 2012, 22:47 0 0
Wirefly has it for $29 with a multimedia deck.
30. Zorin posted on 05 Oct 2012, 07:55 0 0
You know how runners have that belt with 2-4 small bottles of water....buy this one and you will need them with 2-4 extra batteries. Not worth the 50.