Quote:
Originally Posted by boredandtattooed
ALL the carries LOST in court over EFTs, awhile ago... takes 3 or 6months of service though for it to start coming down the 10bucks a month or whatever it is..... i still think ETFs bottom out at 50bucks though... i dont think its charge free still, you just get prorated ETF charge now based on how close u are to the contract end date
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Absolutely - but there is only one reason ETFs/contracts still exist: subsidized equipment.
Try to buy a touch pro 2 with cash and no commitment next week and you'll be told, in no uncertain terms, to take a leap; Sprint sells new phones at a huge loss, usually as high as 50%. The judgements were essentially a slap on the wrist for being too greedy.
The moral of the story is that as long as there have been cell phones, the standard business model has been to sell them for pennies on the dollar due to their astronomical prices and make the money back with monthly charges. Time was, a cell phone would set you back thousands instead of hundreds. Initial buy-ins and charges are still prohibitively high, but not anything like what it used to be, hence ETFs remain.