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At Sprint and T-Mobile, you can get an iPhone 6S for US$5 a month (or less)

Matt Hamblen | Sept. 28, 2015
T-Mobile struck first with its low-price plan; Sprint countered with a US$1-per-month lease.

"All these contract and device deals are almost irrelevant because people will go to the next deal or the carrier will buy you out," Entner said. "There won't be a financial problem for the carrier."

Also, Entner questioned how many iPhone 6 customers are that interested in trading up to an iPhone 6S to make the deal enticing. "There's only a limited number of those iPhone 6 users, so the impact is not really that dramatic, even though the marketing visuals are quite stark. People might think, '$1 a month for an iPhone 6S -- oh yes!'"

After 18 months, T-Mobile will let a customer buy an iPhone for $125 less than full retail price, or $524. Or, T-Mobile has a deal to allow an iPhone 6 trade-in and pay just $254 for the iPhone 6S 16 GB after 18 months. At Sprint, a customer can purchase the device after 21 months, owing $187, or can keep the device and the rate will revert to $22 a months.

 

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