iPhone 4S and iPhone 5 being removed from T-Mobile's "zero down" promotion
A couple weeks ago T-Mobile began a "promotion" which removed the up-front payment from most of its smartphones, with the plan to run the offers throughout the summer. Now, it has been confirmed that T-Mobile is removing the Apple iPhone 4S and the iPhone 5 from the promotion. This had been rumored, but now it has been confirmed by AllThingsD.
A T-Mobile rep told AllThingsD that "As is the nature of promotions, pricing moves are temporary." So, the iPhone 4S and iPhone 5 will be removed from the promotion starting this Saturday. This means that the iPhone 5 will go back to being $145.99 down with 24 monthly payments of $21. Of course, this doesn't really matter at all, because with the zero down promotion, the iPhone 5 cost $27 per month, which ends up being just $1.99 less than the up-front pricing structure.
The Apple iPhone 4 will continue to be part of the promotion. But, there's no reason to rush out to T-Mobile to get in before the switch, because you're really not going to be saving much money anyway. Besides, with the iPhone 5S due in just over a month, right now is quite possibly the worst possible time to be going out to buy an iPhone anyway.