Verizon cuts Galaxy S5, HTC One (M8), Lumia Icon prices to $99.99 on contract
Verizon has upped its competitive game by reducing the prices of some of today's most formidable flagship smartphones to just $99.99 on a two-year contract. Namely, they are the Samsung Galaxy S5, the HTC One (M8), and the Nokia Lumia Icon. There is a catch, though - apart from signing up for two years, prospective Galaxy S5 owners also have to put in a $50 mail rebate.
Before setting the $99.99 price in stone, Verizon carried both the S5 and the M8 at $199.99 with the option of buying one phone and getting another free - with a contract, of course.
It would be pretty easy, and not necessarily realistic to conclude that Verizon is reacting to pressure after losing subscribers for the first time in its history. In the first quarter of 2014, the USA's largest carrier lost about 138,000 postpaid phone subscribers - an event which analyst Craig Moffett called a "shocking turnaround". Although Verizon posted more than double profits and a 4.8% revenue growth, it cannot be denied that Sprint and T-Mobile's aggressive price cuts and fee eliminations are lighting up the wireless industry in an unprecedented manner.
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2. phonetekmek (Posts: 70; Member since: 04 Oct 2013)
Paying unsubsidized full retail cost on a handset. No thank you!!!
3. tedkord (Posts: 4944; Member since: 17 Jun 2009)
Losing my unlimited data for three lines. No thank you!!!
6. fouadqr (Posts: 299; Member since: 21 Nov 2012)
No thank you? No thank you!!!? No thank you :)
18. Phonecall01 (Posts: 137; Member since: 02 Apr 2009)
Replying to these comments !!! No Thank you... Oh Wait...
8. fanboy1974 (Posts: 1242; Member since: 12 Nov 2011)
I lost my unlimited a long time ago. Because I upgrade on a yearly bases (3 lines total so I rotate) that could mean $400 plus if I buy the phone outright each year. I've learned to live with my data cap because I enjoy having a newer phone at launch. Plus I don't want to pay full price for a phone that depreciates by half in a one year period. Putting down $100 for a phone that I can flip for $300 is better than paying $600 and only getting $300. And let's not forget that unlimited customers could be paying the same monthly charge as tiered customers.
11. torr310 (Posts: 392; Member since: 27 Oct 2011)
I would give in my unlimited data if Verizon would give me 10GB/month.
2GB/month + overage fee is no deal.
7. KillerKeyboard (Posts: 307; Member since: 21 Nov 2013)
Having a big as$ Verizon logo on my phone... no thank you!!! :p
9. Smeech (Posts: 4; Member since: 14 Jun 2012)
I upgraded a secondary line to the S5 yesterday at a VZW Corp Store. I ordered online and chose store pick-up. The online order showed the $50 debit card rebate. However, when I picked up in store, it was $50 cheaper ($99.99 plus taxes). The associate said it's the first time he saw that..
10. iphoneman37 (Posts: 18; Member since: 30 Jan 2014)
Lost my unlimited when we renewed our phones this time didn't know they did away with the new any two for devices and added a upgrade fee on a new phone .
13. mdw864 (Posts: 4; Member since: 25 Jul 2012)
You have 10 days to return the phones and get your unlimited data plan back
12. mdw864 (Posts: 4; Member since: 25 Jul 2012)
Iphoneman37, you have 10 days to return the phones and get your unlimited back
14. iphoneman37 (Posts: 18; Member since: 30 Jan 2014)
I know I had to upgrade my son phone died so I had to give him mine and get me a new one.
15. teerex42 (Posts: 162; Member since: 14 Jun 2012)
I'll never upgrade for a discounted price and lose my unlimited data..no thank you, no thank you, no thank you, no thank you!!!!!!!!!!!!!
16. Daftama (Posts: 563; Member since: 03 Nov 2012)
If you take a million customers from Verizon to make a stand and switch they sure a shell do something before the next million companies only care about growth losing a million E would would a stage of spot light on them
17. 0xFFFF (Posts: 3319; Member since: 16 Apr 2014)
All of these phones are horrendously overpriced and a $100 discount isn't much. Verizon makes so much profit on the contracts that the phones should be free for anyone who signs up for one of Verizon's two year plans. Anything else is just robbery.