Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Android

 

Verizon Plans Upgrade Fee

$30 to get a new phone

Apr 11 2012, 1:53pm CDT | by

11 Updates
Verizon Plans Upgrade Fee
 
 

YouTube Videos Comments

Full Story

Verizon Plans Upgrade Fee

Once you reach the glorious moment that is your Verizon smartphone upgrade window, be prepared to loosen your wallet a bit more.

The company has announced that it will begin charging users $30 when they buy a new phone. And that's only after they've had their current phone for an extended period of time and are in the upgrade eligible window.

When you go into a Verizon (or any other carrier's) store, and you pay $200 for a smartphone, the carrier actually loses money on that phone, sometimes to the tune of hundreds of dollars per phone.

The good news, for the carrier, of course is that the margins on mobile service are much higher. Like, ridiculously higher. So, by making you sign a two-year service agreement, the carrier is guaranteed to recoup the money that it lost on the actual phone during the duration of your service.

That's why carriers are justified in charging outrageous fees if you want to end your contract early, and also why you aren't allowed to upgrade your phone usually until at least your current service agreement is about to expire.

Okay, so with all that said, the problem for carriers is that right now, smartphone sales are exploding. It takes time to make up that lost money, and keeping up with the growth in sales right now is tough.

That's why upgrade fees have been introduced. Of course, increased costs or pressure on companies never means they have to make sacrifices. It means you do, because they pass that onto the consumer.

Even with Verizon's new fee, it still isn't the most consumer-unfriendly carrier when it comes to upgrading. AT&T was already charging an $18 fee to upgrade when no one else was, and recently it shot that up to $36.

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 11

Free backpacks to be given to children

Source: Quad-Cities Online

The Cellular Connection, the nation's largest Verizon retailer, is donating backpacks full of school supplies to children across the country. Area stores participating in the giveaway are located at 3850 18th Ave., Rock Island; 5200 ...
Source: Quad-Cities Online   Full article at: Quad-Cities Online 1 hour ago
 


Advertisement


Update: 10

HTC Is About To Turn The Best Android Phone In The World Into A Windows Phone Too

Source: The Business Insider

HTC sent out invitations Wednesday to a press event on August 19, presumably to unveil its rumored HTC One for Windows Phone. It's unclear exactly what to expect, but reports suggest it will be just like the critically acclaimed HTC One M8, except it will run Windows Phone instead of Android. The device, which is currently codenamed W8, is said to feature the same 3-D camera and superb BoomSound speakers we've seen in t ...
Source: The Business Insider   Full article at: The Business Insider 2 hours ago
 

More From the Web

Update: 9

Four Lessons in Corporate Water Efficiency

Source: Environmental Defense Fund

By EDF BlogsBy: Susannah Harris, 2014 Climate Corps Fellow I received quizzical looks from family and friends when I told them I was working on water efficiency projects at Verizon this summer. They paused, racking their brains about where water is used within the telecommunications industry. “Like in the bathrooms?” they’d ask. The reality is that domestic telecom companies rely on billions of gallons of water per year to cool, clean, and maintain the buildings and equipmen ...
Source: Environmental Defense Fund   Full article at: Environmental Defense Fund 4 hours ago
 

Update: 7

Top Analyst Upgrades and Downgrades: Enbridge, NOV, Freescale, Twitter, Verizon, Windstream and More

Source: 24/7 Wall St.

These are the top analyst upgrades, downgrades and initiations from Wall Street firms for Wednesday, July 30. 2014. They include Enbridge, NOV, Freesc ...
Source: 24/7 Wall St.   Full article at: 24/7 Wall St. 6 hours ago
 

Update: 6

Dodgers’ Kasten Supports Call For Arbitrator To End Cable Blackout

Source: CBS Los Angeles

LOS ANGELES (CBSLA.com) — Dodgers president and CEO Stan Kasten supported the call Tuesday night for an arbitrator to help resolve the ongoing broadcast dispute between Time Warner Cable and other carriers, which has prohibited 70 percent of residents from watching games on TV in 2014. “This, if it were agreed upon, would end this blackout right away, today, and we would be on the air literally tomorrow night ...
Source: CBS Los Angeles   Full article at: CBS Los Angeles 14 hours ago
 

Update: 5

Verizon's FiOS Xbox apps now let you watch 'The Walking Dead,' er, live

Source: Engadget

Verizon's FiOS app has been leading the way on the Xbox One live-TV front, and now it's getting a handful more channels in its stable. If you're a subscriber, you now have access to the likes of AMC HD, Showtime, Encore, Bl ...
Source: Engadget   Full article at: Engadget 15 hours ago
 

Update: 4

Netflix to give customers better speeds through AT&T peering deal

Source: MacNN

In the quest to give its users a better streaming experience, Netflix has reached an agreement with AT&T to gain a direct network connection. The two companies revealed that they entered into a peering deal after news broke from anonymous sources that the movie service reached another streaming arrangement. Previously, Netflix had worked out similar deals with Verizon and Comcast... ...
Source: MacNN   Full article at: MacNN 18 hours ago
 

Update: 3

AT&T might fix Netflix problems for its customers before Verizon does

Source: Ars Technica

Netflix has agreed to pay AT&T for a direct connection to the Internet service provider's network, a move that will improve streaming video quality. The deal is no surprise—it was widely expected after Netflix reached similar agreements with Comcast and Verizon. What is surprising is that AT&T customers might see their Netflix quality problems resolved before Verizon customers. "We reached an interconnect agreement with AT&T in May and since then have ...
Source: Ars Technica   Full article at: Ars Technica 19 hours ago
 

Update: 2

Netflix And AT&T Reach Interconnection Agreement

Source: Deadline

AT&T customers should start to see fewer buffering delays when they watch Netflix as a result of the new interconnection deal. The actual agreement was made in May. Since then they’ve “been working together to provision additional interconnect capacity to improve the viewing experience for our mutual subscribers,” the companies say.  ”We’re now beginning to turn up the connections, a process that should be compl ...
Source: Deadline  Full article at: Deadline 20 hours ago, 6:10pm CDT
 

Update: 1

Netflix Is Now Paying AT&T So Your Videos Stream Faster (NFLX, T)

Source: Business Insider

Netflix has agreed to pay AT&T in an interconnection agreement that will allow for more-reliable streaming speeds for wired broadband customers, Mashable first reported and later confirmed with AT&T. Netflix already has similar deals with Verizon and Comcast. The interconnection agreement means Netflix will take on the costs of delivering streaming content to AT&T subscribers. It pays off, too. Netflix says Comcast customers are getting faster speeds ...
Source: Business Insider   Full article at: Business Insider 20 hours ago, 5:26pm CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
Based in New York City, Mark follows the consumer electronics industry like a hawk. A published book author, he has a particular affinity for 3D technology and video games, and as such will surely be in the market for a new pair of glasses soon. Mark can be contacted directly at mark@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

New Video Shows Orlando Bloom Punch the Bieber over Miranda Kerr
New Video Shows Orlando Bloom Punch the Bieber over Miranda Kerr
A new video gives a clear view of the punch Orlando Bloom landed on Justin Bieber. Was it over Miranda Kerr?
 
 
Dollarbird App Review
Dollarbird App Review
Dollarbird is a cutting-edge finance tracking application that has received quite an applause by the numerous users. It is a far-reaching and dynamic tool for handling your finances and it assists you in placing your money in places that matter. It enables you to effortlessly have a trajectory and make a thorough prognosis about your finances.
 
 
Light Flow App Review
Light Flow App Review
The Light flow app is particularly useful for those users who find it difficult to manage and/or respond to their notifications. Light flow ideally allows you to take full control of the notifications on your Smartphone. The app allows you to set different sound patterns on mobile vibration in order to alert you for your notifications.
 
 
VSCO Cam App Review
VSCO Cam App Review
The VSCO cam is a highly productive and useful app. It is regarded as one of the smartest and easy to use photo editing apps. It gives its user the optimal way of shooting, editing, adjusting, and then sharing their enhanced photographs with their friends and family. The customers rate this app quite high and it ideally stands among the top 5 photo editing apps in the market today.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.