Friday, May 18, 2012, 04:53 pm PT (07:53 pm ET)
Sprint offers $100 trade-in credit for iPhones from competing carriersIn an effort to drum up subscribership and advertise its unlimited data plan for the iPhone 4S, Sprint revealed on Friday that it will begin offering a $100 credit to any customer who trades in an iPhone from another carrier.
The nation's third-largest carrier said that it would be offering non-Sprint users at least $100 for their iPhone to be used towards a new iPhone 4S if they start a line of service with a minimum two-year contract.
Sprint's announcement comes on the heels of reports earlier this week that revealed Verizon would be pushing to end unlimited data usage for its smartphone users come this summer when the company rolls out new shared data plans. The top U.S. wireless company issued a statement on Thursday clarifying that only subscribers upgrading to a subsidized handset would no longer be able to take advantage of the all-you-can-eat service.
Both Verizon and AT&T have come under fire for slowly squeezing grandfathered customers out of their unlimited plans, represented by Verizon's upgrade policy and AT&T's March decision to throttle heavy data users after they pass a 3GB per month threshold.
When it became the last of the big-three telecoms to offer the iPhone, Sprint announced plans to offer unlimited data to new customers when the top two wireless providers killed off their respective uncapped services in a move toward more profitable tiered solutions. AT&T was the first to axe unlimited iPhone data in June 2010, and recently CEO Randall Stephenson admitted that he wished the company had never offered the option. Verizon followed AT&T's lead in July 2011, a mere six months after the device launched on its network.
Sprint is offering iPhone users $100 to switch networks. | Source" Sprint
In a move to stand out from the competition, Sprint CEO Dan Hesse announced in April that his company will continue to offer unlimited data for the next generation iPhone sight-unseen, which means that users can utilize uncapped bandwidth even if the handset supports 4G LTE.
Earlier this week Hesse said that Sprint wouldn't make a profit from the iPhone until 2015, but has no regreets in making a bet-the-company move to ink an agreement to sell the handset that was later revealed to be worth $15.5 billion over the next four years.
"We believe in the long term," Hesse said. "And over time we will make more money on iPhone customers than we will on other customers."
To take advantage of the offer, interested parties must activate a new line by July 3 and trade-in their non-Sprint iPhone before Aug. 14.
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