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Verizon Wireless to Eliminate One-Year Contracts

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Not Happy


Apr 12, 2011, 9:37 AM
I have only ever gotten one-year contracts. I've never had a phone last two years, and these days even if it did, with the way technology is moving, any phone I get will be obsolete in a few months and I'll want a new one in a year anyway. Just because the majority of people sign up for two-year contracts doesn't mean they should eliminate one-year contracts for those of us who do use them. I figured they were making money off of me...I pay more for the phone, and I buy a new one every year.

I wrote an email to Verizon about this and they actually just called me to respond to it. Basically they said sorry, but we'll submit your feedback and it will get reviewed because all feedback is looked at. Oh, and she also mentioned that early upgr...
Cosmic Spiderman

Apr 12, 2011, 11:53 AM
Unfortunately, they DON'T make more money on 1 year contracts. What most consumers don't understand is that Verizon pays for most of your phone when you sign up. On a 2 year contract they have more time to make up that loss. But, while you pay about $70 more for your phone on a 1 yr contract, they have less time to make the loss on the phone. $70 doesn't make up much of that loss.

Apr 12, 2011, 10:32 PM
There are a post or ten where I pointed out that anyone on a secondary line would be a fool to sign a two year contract without at least adding TEC or extended warranty. I guess everyone had best prepare to up their ARPU a couple of dollars, huh?

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