Verizon Removes 10 Phones from $350 ETF List
$350 ETA? My Vote: Keep them!
Remaining competitive Verizon still offers these handsets and record low prices and many times Buy One Get One Free promotions. Who eats the profits? Answer: The dealers that still pay regular price for the equipment.
Many customers realized quickly that you could do a BOGO promotion, pay the ETAs, sell the phones at retail and make a decent profit. This is unethical and bad business.
Customers need to know the truth about raised ET...
That is what my retailer pays for that phone. For an upgrade alone, we get a 345 dollar ring credit. So we are profitable on it. Also my verizon rep told me on an 89.99 450 min data/text plan, it takes 8 months to recover what the costs. Now heres the thing that is if it was at MY COST. At verizon whom probably get the phones cheaper...
But lets say its the same price. They charge 100 dollars, with 100 rebate and another 50-100 dollars with a 50-100 rebate, DEBIT CARD,...
Just because your company decides to double the price on the markup doesn't mean others do.
BUT! look at your own figures. the device COSTS 322. you are giving it to the consumer for 0, that is a LOSS of $322. see that? only $27 LESS than the new ETF. And I'm betting that's one of your cheaper (cost) smartphones, correct? While your markup is ins...
1) Verizon Wireless receives any ETA fees, not the store you purchased from.
2) Phones sold at retail costs have very little markup.
3) Many people think that we (retailers) get this equipment cheap, when in all reality, we pay nearly retail. Product Loss is the business we fight every day.
droid is 179.99 I believe after rebate. So nearly 300 dollars and obly 2 in 5 get their rebate back. So nearly 300 dollars for a handset that costs retail about 460. So they are out 160-260 depending if rebate is sent in. So on a droid can take as little as 3 months as much as 8 months for the profits to make back the handset cost. That's based on profit...
The term fee is there for equipment AND because you signed the contract. When you sign up for a 2 year contract, verizon expects revenue for those 2 years and they adjust their budgeting accordingly. If people could just cancel after 8 months, a lot of people would (just to get new phones with verizon ironically).
If you take out a loan, if they applied all your monthly payments to your balance, you'd pay it off a lot faster than the stated term, correct? Do you think that this means people should be able to get out of loan repayments once they pay off their balance, even if they have 10+years of interest? How likely do you think loans would be then?
What I'm getting at is th...
Verizon used to be dominant especially in my area. Now there are other providers around with good deals, good coverage and good phones as well. Verizon's increase is to make customers stay, that is it. If u have a problem u will be less likely to cancel, but once they call you saying new bogo black berry, u sign up again and ur stuck.
That is the sole and only reason to raise the fee. Honestly is BOGO blackberry is a problem, GET RID OF THE BOGO. If you cannot sell phones w/o bogo ur doin...
So if the "lesser" network charges for phones and sells them, why can't the "greater" network do the same, since people proclaim verizon is god?
http://www.phonescoop.com/news/discuss.php?fm=m&ff=5 ... »
Net ADD of 3.6 million customers. Q4 results are not posted, so they cannot be listed yet.
http://news.softpedia.com/news/Verizon-Sees-Good-Q1- ... »
(1.3 million net adds)
http://www.fiercewireless.com/story/verizon-adds-1-1 ... »
(1.1 Million net adds)
http://www.fiercewireless.com/story/verizon-trails-t ... »
(1.2 Million net adds)
Q4 isn't in yet.
Oh, and these numbers do not count alltel since as per FCC, they cannot count as "added" customers.
So so far, they've added 3.6 Million net customers. Yes, that's slower than last year, but it's still a gain.
Now you post for Sprint. Remember,we are talking Post Paid customers, not boost mobile/Virgin mobile.
PS: Who uses nextel service other then contracts and government?
Fierce wireless is like phonescoop. It's all phone news. If you post sprint results from a non-sprint site, I'm sure you'll find the same results for Verizon I posted here.
The first one wasn't from Fierce,so here is the official press release for Q1
Just to give you an idea... this is Sprint's numbers from that site:
http://www.fiercemobilecontent.com/story/sprint-loss ... »
The lost 1.25 million post paid customers, but they gained 764,000 Boost Mobile customers, in addition to ...
However their great advertising and goodwill(name) generated much more then they loss. I gotta give them credit on this one. They are amazing at advertising and spreading the word. But they have had more class-action lawsuits and fraud investigations then any company to date.
This is not so much the service its the people that work for them. It is however in a centralized area(local city) ran by the same DM that has had most of the fra...
But lets be realistic: How many people would be on here complaining about spending $500+ on these high end devices because of no discounting. More people would simply go without or wouldn't want to upgrade their handsets due to the high cost. The customer experience and satisfaction wouldn't be as high.
All in all, the way it works now benefits the wireless phone manufacturers by being able to sell high end phones to th...
This forum is closed.