Verizon Wireless' decision to extend the wait time for a phone upgrade has some concerned about the potential consumer reaction.
Verizon recently said it would do away with early upgrades, forcing consumers to wait the full 24 months before they are eligible to buy a new phone with the lower subsidized price. Customers previously had to wait only 20 months before getting the early upgrade.
The move comes as T-Mobile said it would do away with contracts and subsidized pricing, providing a better financial deal to consumers. From a broader industry perspective, more consumers are starting to move away from … Read more