Verizon, Sprint, T-Mobile, announce iPhone X discounts ahead of launch

article thumbnail

With just days to go before iPhone X preorders go live, three major U.S. carriers on Monday announced their respective discounts, deals and trade-in incentives for the device, some of which can save buyers up to $350.

Sprint was first to publicize its iPhone X deal, which amounts to a $350 savings on Apple's pricey handset realized through discounts on the carrier's Sprint Flex hardware leasing plan. The plan brings monthly fees for a 64GB iPhone X down to $22.22 over the course of 18 months, a savings of $19.45 per month.

Similar to Sprint's offer for iPhone 8 and iPhone 8 Plus, prospective buyers will have to trade in an eligible smartphone to get a break on monthly payments. For Apple device owners, that means handing over an iPhone 6 series handset or newer. Certain contemporary Android products are also eligible for trade-in.

Following the 18 month period, or 12 months under the iPhone Forever upgrade path, subscribers can turn in their iPhone X for a new model or elect to continue payments to keep the phone outright. With the latter option, payments jump to $41.67 per month for the remaining 6 months of the two-year plan.

Both new and existing customers can take advantage of the lease plan.

Verizon was next to advertise their iPhone X incentive, which offers up to $300 off the new device with an eligible trade-in. The deal is limited to current Go Unlimited and Beyond Unlimited subscribers ripe for a device upgrade, or a new customer looking to jump on an unlimited plan.

Customers will need to purchase iPhone X through Verizon and pay a $41.66 per month lease period of 24 months.

The $300 discount, paid out over the two-year window, is tied to an eligible device trade-in. To net the full discount, users can hand over their iPhone 6s series or iPhone 7 series handset. Buyers get back $200 for iPhone 6, 6 Plus and iPhone SE, while a $100 discount applies to iPhone 5, 5s and 5C devices.

Verizon's discount is meted out on a monthly basis, meaning subscribers have to keep with their iPhone X for two years to reap full benefits. Customers who want to switch to a new model or downgrade from an unlimited service tier, will have to pay off the lease balance and forfeit remaining discount payments.

T-Mobile's iPhone X deal is similar to Verizon's version. The "Un-carrier" is offering up to $300 off Apple's upcoming flagship when purchased through a monthly installment program, and with an eligible trade-in.

Unlike other carriers, T-Mobile will pay customers the $300 up front, depending on trade-in value. The balance of the $300 credit not paid at sign up is applied over the course of 24 monthly payments. For example, an iPhone 7 might rate $300, meaning T-Mobile will pay that amount up front. An iPhone SE, however, may fetch $100, which means the remaining $200 in discounts are dispersed in equal installments over the next two years.

T-Mobile breaks down iPhone X pricing as follows:

Equipment Installment Plan —

  • 64GB: $279.99 down, $30 a month (FRP: $999.99)
  • 256GB: $429.99 down, $30 a month (FRP: $1,149.99)

JUMP! On Demand —

  • 64GB: $0 down, $41.56 a month (FRP: $999.99)
  • 256GB: $429.99 down, $24 a month (FRP: $1,149.99)

Like Verizon's deal, payments are spread across a 24-month period, meaning early upgrades will forfeit any remaining discount payments.

Apple is slated to kick off iPhone X preorders on Friday, Oct. 27 at 12:01 a.m. Pacific. The devices will ship out to early customers and hit store shelves on Nov. 3.