As of today, T-Mobile has changed around its iPhone 5 pricing structure. The company that has done away with contracts has reduced the down payment on the iPhone $5, making the initial cost of a 16GB version $145.99. This is the second time in less than three months that the carrier has changed its pricing structure for the iPhone.
In addition to lowering the down payment of the iPhone, T-Mobile also decided to increase the monthly equipment installment by $1, meaning it will now cost $21 per month. This means that over the lifetime of the device, users will most likely end up paying more than before this price increase because of the increase in monthly payments, unless of course, the consumer has the device for less than five months.
While I don’t use T-Mobile, I do like the idea of the contract-free plans. Although I don’t plan on switching, some of the deals from the carrier seem pretty good. Unfortunately, this pricing change shows an increase in price, and the deal isn’t as sweet as it was when the iPhone originally cost just $99 down from the carrier.
What do you think of T-Mobile’s pricing system and this price change? Do you like T-Mobile’s contract-free system? Leave a comment below and let us know.