Verizon will end two year contracts on August 13th (T-Mobile, 3G, iPhone)

[Canaan-84]

I wonder how this will affect them, those prices still look rather high.

Verizon refreshing its rate plan lineup, ditching two-year contracts | PhoneDog

[Mr5150]

Looking at their current price structure, the new plan (3gig) is a $10 drop in price.

[PacoMartin]

Originally Posted by Mr5150

Looking at their current price structure, the new plan (3gig) is a $10 drop in price.

The new plans are not much less than the current plans, and some low price options seem to be gone. I only see a reduction of $5 on the 3 gig option.

current New
700 Mins for $5.00 GONE
Unlimited talk and text for rest
500 MB for $20.00 per month GONE
1 GB for $30.00 per month SAME
2 GB for $40.00 per month GONE
3 GB for $50.00 per month Now $45
4 GB for $60.00 per month GONE
6 GB for $70.00 per month Now $45
10 GB for $80.00 per month Now 12 GB

Smartphones are $20 per month Same
Basic phones are $10 per month unknown

[Peregrine]

Of course, it also depends on the phone you buy, let's not forget.
Buy a high end flagship, like the iPhone 6 or Samsung S6 and that will add around $27-$31 to your bill.

[dkf747]

This is good news since our contract was running out anyways. We can keep using the same phone for less and replace it later when we've saved up for one.

[MLSFan]

they didnt do it by choice, if i remember correctly a law was passed that pretty much ended two year contracts or subsidies, they had six months from feb 15 to transition over

part of why att and tmobile has their next or whatever programs, sprint has something but forgot what it is called

i cant remember when this was in news but a sprint employee said that when i was looking over phones during new years

edit: think the law was that companies couldnt lock phones to them, so there was no reason to subsidize them if the customers could take them somewhere else, so they just ended the subsidy which ends the need for the two year contracts

[Peregrine]

But since you can't use a Verizon phone on any other network because of the radios, unlocking a VZW phone is pretty pointless.

[dkf747]

Originally Posted by Peregrine

But since you can't use a Verizon phone on any other network because of the radios, unlocking a VZW phone is pretty pointless.

Some Verizon phones have the ability to connect to other networks.

[Marv101]

There is no law that I know of which has banned two year contracts since you can buy a high end phone such as the new IPhone or Galaxy S6 with or without a contract.

On the no contract side of things, they refuse to make 4G phones available for no contract phones unlike their competitors for whatever reason.

Are they conceding the no contract market to Sprint, Boost Mobile, AT&T and T-Mobile by doing so?

[PacoMartin]

Originally Posted by Marv101

There is no law that I know of which has banned two year contracts since you can buy a high end phone such as the new IPhone or Galaxy S6 with or without a contract.

Quoting ABC news might help.

All wireless carriers have been trying to wean customers off subsidies, in which a $649 iPhone 6 goes for $200 with a two-year contract. Instead, carriers have been encouraging people to buy phones outright by paying the full retail price in monthly installments. A few carriers, namely Sprint, also offer leasing options for a lower monthly fee, but the customer doesn't get to keep and resell the phone without additional payments. Verizon is the second national carrier, after T-Mobile, to end subsidies entirely for new customers