Verizon cuts Galaxy S5, HTC One (M8), Lumia Icon prices to $99.99 on contract

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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18 Comments

1. PressStart

Posts: 119; Member since: Apr 08, 2014

On contract...no thank you.

2. phonetekmek

Posts: 70; Member since: Oct 04, 2013

Paying unsubsidized full retail cost on a handset. No thank you!!!

3. tedkord

Posts: 17043; Member since: Jun 17, 2009

Losing my unlimited data for three lines. No thank you!!!

4. oboboy14

Posts: 51; Member since: Mar 27, 2014

No thank you? No thank you!!!

6. fouadqr

Posts: 326; Member since: Nov 21, 2012

No thank you? No thank you!!!? No thank you :)

18. Phonecall01 unregistered

Replying to these comments !!! No Thank you... Oh Wait...

8. fanboy1974

Posts: 1345; Member since: Nov 12, 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: 1607; Member since: Oct 27, 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: 372; Member since: Nov 21, 2013

Having a big as$ Verizon logo on my phone... no thank you!!! :p

5. fouadqr

Posts: 326; Member since: Nov 21, 2012

And the old I-PHONE 5S=$299

9. Smeech

Posts: 4; Member since: Jun 14, 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: 52; Member since: Jan 30, 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: 17; Member since: Jul 25, 2012

You have 10 days to return the phones and get your unlimited data plan back

12. mdw864

Posts: 17; Member since: Jul 25, 2012

Iphoneman37, you have 10 days to return the phones and get your unlimited back

14. iphoneman37

Posts: 52; Member since: Jan 30, 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: 221; Member since: Jun 14, 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!!!!!!!!!!!!! :-D

16. Daftama

Posts: 639; Member since: Nov 03, 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: 3806; Member since: Apr 16, 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.

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