updated 11:20 pm EST, Wed January 12, 2011
Other early upgrade terms also changing
Following the confirmation of an iPhone launch on Verizon's network, the company has quietly changed its early upgrade policies to make future purchases more expensive for existing subscribers and new customers. The "New Every Two" program will also come to an end, eliminating the promotion that had brought signifiant price reductions for handsets bought near the end of a two-year contract.
After January 16, new customers will not be enrolled in the New Every Two program and existing customers will not be reenrolled after they take advantage of their next discounted upgrade. The promotion had brought discounts of up to $100 below the new-subscriber pricing for many handsets, including high-end smartphones that typically sold for $200.
Aside from the New Every Two termination, the company is also putting an end to its early upgrade program ahead of the iPhone 4 launch. Customers will no longer be able to receive discounts on handset purchases after completing 13 months of a 24-month contract. The new terms will require any new or existing customers to wait 20 months into their contract before paying new-contract prices rather than full retail. [via Wall Street Journal]