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You Need to Know: Cell Phone Contracts Changing

Posted By Administration, Tuesday, August 18, 2015

Cell phone contracts are going away. The industry standard used to be two-years. Period. And with that commitment, your provider lowered the cost of the phone or whatever mobile device you picked. Sometimes they were free.


MSN Money published an article on the impact of this change on your cell phone bill. There as with all things positives and negatives. The online news source pointed out seven.


1. You will now have to pay full-price for your phones or mobile device: The two-year agreement allowed the carrier to afford to subsidize your phone cost. No more. The bad news first. You wont get the $350 to $400 subsidy for that $650 smartphone. The good news is the carriers will still carry the cost and let you make payments. Most payment structures will be you guessed it followed by a heavy-sigh two-years.


2. Budget phones are going to suddenly become more popular: Good but cheap phones will win out in the near future. Some technology experts say many compare with the best of the best. Finding them, however, has been tricky. That is until now.


3. The high cost of an iPhone means Android could pick up marketshare: Those budget phones or at least most of them run off of Googles Android system. Unless Apple comes around and builds a cheaper iPhone that could be bad news for the company.


4. More protection for phone screens: Absorbing the total high cost of a mobile device means more people will work harder to protect their screens and the body of their phones. Good news for device protection makers.


5. Look for longer lines when Apple debuts a new phone: People arent going to hang onto their phones as long. So Apples debut phone lines will be longer.


6. Trying a new carrier just got easier: You arent locked into a contract so you can go wherever you want and quickly. If you dont like what your current carrier does, switch. If you dont like where you switched to, switch back.


7. Carrier data plans: You can bounce around when it comes to data usage. Think youre going to be gobbling up data on a vacation or for a new business deal, pick up the bigger carrier data package. When things calm down, switch back to a smaller data plan.


Source link: MSN Money

Tags:  Insurance Content  Insurance Industry  Insurance News  mobile phones  technology  Weekly Industry News  You Need to Know: Cell Phone Contracts Changing 

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