Verizon details Edge 6-month upgrade plans (hint: it looks shady, like AT&T Next)
0. phoneArena 18 Jul 2013, 09:19 posted on
During today's investor call, after announcing Verizon has added almost 1 million subscribers and a large number of iPhones, Verizon chief financial officer (CFO) Fran Shammo confirmed that Verizon is working on its frequent upgrade plan, called Edge. Unfortunately, no details were given on the plans...
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1. Commbubba19 (Posts: 17; Member since: 12 Apr 2012)
Lamesauce. They should offer discounted rates for those that choose a no-contract upgrade, but verizon has no reason to lower its prices when demand for its service keeps going up.
2. Whateverman (Posts: 3158; Member since: 17 May 2009)
Nope, not much of a deal at all. T-Mobile definently has the "Edge" here. I just wonder if customers will fall for it.
6. -box- (Posts: 3565; Member since: 04 Jan 2012)
Verizon lowering prices? Ha! They're the most expensive nationwide carrier in the country, and among the most expensive in the WORLD. Coverage is great, but at what cost?!
12. msa1988 (Posts: 407; Member since: 30 Mar 2010)
It's quite simple - you get what you pay for.
18. Whateverman (Posts: 3158; Member since: 17 May 2009)
And sometimes you just overpay. VZW is clearly the best, but if you don't need coverage in Walla Walla, Washington, why pay the premium just for the privilege of saying you COULD use it there? Just like different OSs suite different needs, so do different carriers.
19. SellPhones82 (Posts: 384; Member since: 11 Dec 2008)
What? You mean the most locked down carrier in history that launches phones and software updated 6 months after their competition? How much should that cost the end-user?
3. PAPINYC (Posts: 2044; Member since: 30 Jul 2011)
Why not buy the phone "Full Retail" and your done! End of story!"(Until, of course, the next time you want to change device). You can always leverage the initial cost through insurance claims!!!
13. roldefol (Posts: 2855; Member since: 28 Jan 2011)
Because you're paying the usual carrier subsidy through your monthly plan. Verizon doesn't just give you subsidized pricing out of the goodness of its heart. You pay for it over time. They don't itemize the subsidy in your monthly charges, but it's definitely there. The subsidy may as well be a monthly payment on the device itself. So if you pay full retail, you're paying for the phone twice anyway. The best deal in my view is upgrade pricing as soon as possible.
4. HASHTAG (unregistered)
Sprint, being last as general. Sprint is probably going to be forced to follow, and hopefully they will compete w/ T-Mobile's JUMP.
7. MartyK (Posts: 669; Member since: 11 Apr 2012)
I have a feeling Sprint is going to blow all them out of the water! ( New Owner) :)
5. -box- (Posts: 3565; Member since: 04 Jan 2012)
Yeesh, SO GLAD I'm with T-Mobile. The big 2 need to lower their prices if they're going to insist on a non-inclusive subsidy. I'm really starting to believe that the $299.99 price of the Lumia 1020 is the start of high-end devices being so high, just so the carriers can get away with these artificially low selling prices at the time of sale.
How do Early Termination Fees work with these? With T-Mobile, as long as you pay off the EIP, you're clear; do AT&T and Verizon have the ETF in addition to the payment plan, or once the phone is paid off is the customer clear to go?
8. speckledapple (Posts: 877; Member since: 29 Sep 2011)
The lengths to which these companies go to try and keep you locked in is beyond me. I really do think they only hurt themselves more by doing so. Eventually and I hope soon their hold will look just that much less important as cable companies have found out with the emergence of alternative services. I will jump for joy on that day.
9. richrcp (Posts: 2; Member since: 23 May 2011)
Edge is also only for customers on the Share Everything Plan!! I have been a customer for 7 years now with Unlimited Data, the only choice here is to pay full retail value to keep data!! This equal no edge for folks still lucky enough to have unlimited data.
10. Sprissy (Posts: 53; Member since: 11 Feb 2012)
I think my "Edge" plan will be: Pay full price for the phone and screw their contract!
11. Sakeem (Posts: 130; Member since: 05 Sep 2012)
Or what if you pay half of the device cost upfront? $325. Then choose the yearly upgrade fee. Still, Verizon will see no need to lower anything since they are having a great year right now.
15. KingKurogiii (Posts: 5482; Member since: 23 Oct 2011)
eh, i'd still probably go to T-Mobile if anything ever happened to my unlimited plan on Verizon.
16. Cotner6680 (Posts: 2; Member since: 12 Dec 2012)
As a Sprint customer for the past 12 years - yes, i know somebody's going to comment on that part - and as someone whose been in wireless sales for the past 4 years, I can tell you Sprint DID have a program like that. It was called the Premier Program. If you had the $79.99 plan AND your bill was current or you've been a customer for 10 years, you could upgrade to a new phone every year. the catch was that you signed a new 2-year, but the old phone was yours AND you got a new phone. I know I used it alot to sell new customer's and used it myself for the 3 years they had it going. Sprint ended it to keep up with the joneses - Verizon and AT&T. Since it seems that everyone is going that route, I hope Sprint brings that program back.