Sprint announces new ‘iPhone for Life’ plan to allow annual upgrades

Sprint announces new ‘iPhone for Life’ plan to allow annual upgrades

In a move evidently aimed at enticing new customers, third-ranking US wireless carrier Sprint has announced its new 'iPhone for Life' plan, which will allow subscribers to avail the benefit of yearly device upgrades.

The newly-announced 'iPhone for Life' plan announced by Sprint will come with a 12-month lease option; enabling customers to upgrade their iPhones after one year. The plan is officially scheduled to launch on November 14.

The original 'iPhone for Life' plan, which Sprint announced last month, required the customers to pay $20 a month to essentially rent a new iPhone 6 handset. After using the handset for two years, customers would be able to swap the iPhone for a new model. That plan will reportedly be available for the iPhone 5s.

However, under the new 'iPhone for Life' plan, iPhone users will be able to avail annual upgrades at a $30 monthly cost for the 16GB model of iPhone 6; while the annual upgrades for the 64GB and 128GB iPhone 6 models will cost $35 a month and $40 a month respectively. Moreover, customers will also be able to opt for a complete out of pocket cost of $960 a year.

In addition, the new 'iPhone for Life' plan also requires customers to make an additional payment of $50 for unlimited talk, text and data usage.

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