Apple’s iPhone has been one of the most sought after mobile phones for years now. It is one that can comprehensively combine all of your mobile needs in just one neat device – in a simple yet sleek manner. Undoubtedly, a lot of people want to get one for themselves. Moreover, the recent passing of Apple’s then CEO Steve Jobs and the introduction of the iPhone 4S seem to have given the demand for iPhone a new height.
Indeed, the iPhone is highly in demand – aside from it being a very useful mobile handset where you can incorporate entertainment with business, it is also one that carries a status symbol. It is a common notion that iPhone comes with a price. This is the reason why a lot are asking where to get the cheapest iPhone plans.
Basically, iPhone is carried by AT&T, Verizon and Sprint – but where can you get it the cheapest? These mobile service providers offer similar packages but differ on extras and other perks. Prices of contracts or plans also vary depending on the memory capacity of the unit that comes along with the plan. There are various factors that make a particular contract more affordable or cheaper than the other. To let you know which of the three providers offer the cheapest plans, read on.
Note: Since the iPhone plans vary depending on the unit’s memory capacity, this comparison will be based on the prices of plans for the iPhone 4S 16GB.
See our updated list of how to get the cheapest phones here: How To Get The Cheapest Cell Phone Plans For College Students
Verizon Wireless offers the iPhone 4S 16GB in two ways: one with a Month to Month service and the other, with a 2-year contract.
- Verizon’s Month to Month Service
The Verizon’s Month to Month service requires you to purchase the iPhone at its retail price of S649.99. However, you would need to pay for your data charges every month as the phone requires a data package, which varies based on usage.
- Verizon’s 2-Year Contract
Verizon offers the iPhone 4S 16GB at $199.99 given that you purchase the 2-year data contract.
AT&T offers iPhone under a 2-year contract. Upon shipping, you would need to pay $199.99 (same as with Verizon Wireless).
- Data plan starting at $15 per month
- Your choice of messaging service (starts at $20 per month)
Moreover, you can also choose to terminate the plan earlier than two years but with corresponding fees, eventually.
Just like its competitors, Sprint also offers the iPhone 4S 16GB at $199.99 given that you commit to the 2-year contract. However, Sprint has an irresistible offer: UNLIMITED data, text, and voice.
Essentially, with AT&T and Verizon, you can buy monthly plans for voice calls, messaging and data service that may seem affordable enough. However, if you exceed your available limit, overage charges will be added to your monthly bill. If you are one who constantly and frequently uses your phone for calls, messaging and data transfer, you might end up getting a bill higher than you expected.
Everything Data plan costs $79.99 per month. Meanwhile, the Simply Everything Data Plan costs $109.99 per month.
If you’re considering getting an iPhone, or already have one, have you checked out The Best iPhone Apps For Investors?
Readers, what are your thoughts on iPhone? Is it worth having a smart phone in general?
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him here and here.
He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.
He has been quoted in major publications including the New York Times, Washington Post, Fox, ABC, NBC, and more. He is also a regular contributor to Forbes.