Apple’s iPhone upgrade plan helps the company rake in more money per phone

During last week’s new products announcement, Apple introduced a new plan that would allow someone to pay $32 a month for the Apple iPhone 6s, and exchange it for the newest version of the phone every 12 months. The key to the plan is that the customers signing up for it are leasing the iPhone, as opposed to making a downright purchase of the handset. This means that the phone has to be returned in good condition. 

Apple’s plan is not the cheapest. Sprint has its iPhone Forever plan priced at $26 which also includes a 12-month update cycle. T-Mobile is allowing JUMP! on Demand …

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