iPhone for Life: What to Know About the New Sprint Leasing Program

Sprint (S) is introducing “iPhone for Life,” a new leasing program for Apple (AAPL) smartphones.

iPhone for LifeThe company is offering the iPhone 6 or 6 Plus for $20 a month. The deal begins on Friday, September 12–when pre-orders begin for the smartphones.

Sprint is also offering an unlimited data, texting and talking deal with the deal that will cost users an additional $50 a month. The carrier’s affordable package would total $70 a month.

iPhone for Life also gives users the option of trading in their leased iPhone after two years for a new model. Users will be able to keep the same plan.

S stock is up 4% Wednesday afternoon. AAPL stock is up 2.2%.

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Article printed from InvestorPlace Media, https://investorplace.com/2014/09/iphone-for-life-sprint-s-aapl/.

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