Sprint's iPhone for Life

If you’re the type of person who buys a new iPhone every time one is announced, Sprint wants your money — and your phone when you’re done with it. On Tuesday, the carrier announced a new “iPhone for Life” program that will give you a free Apple iPhone 6 or 6 Plus up front, as long as you pay $20 a month to lease it. When you’re done, you turn it back in, paying about $480 over the course of a 2-year contract, a figure that can go up if you choose to lease a higher capacity model. Along with the new leasing plan, Sprint’s offering iPhone owners an exclusive $50 monthly plan for unlimited talk, text, and data. That’s $10 less than it’s existing plan, and what people on other platforms still need to pay. Sprint hopes that, along with the leasing plan and early termination buyouts up to $350 from rival carriers, will pull over entire families away from AT&T and Verizon and get them into its upgrade cycle.

Read the full story at The Verge.

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