So, you want to upgrade your current phone to the iPhone 5? The first step you need to take, is to see whether or not you qualify for a fully subsidized upgrade with no penalty.
AT&T makes this process particularly easy, all you have to do is dial *NEW# (*639#), and you will receive a text message laying out your eligibility. For Verizon users, Big Red has provided a website that you can go to to verify your upgradability, or you can dial #874.
In the past, AT&T has let users who are only partially through an existing contract to upgrade without any penalties. Whether or not they plan on doing this with the iPhone 5 remains to be seen, but from what I’ve seen thus far, it’s not looking entirely promising.
The sad fact is, that if AT&T doesn’t allow folks in the middle of their contracts to upgrade for free, it might make more sense to buy the device off contract, assuming Apple will have those available on launch day.
Let’s do the math:
$250 upgrade free + $199 base iPhone 5 + $36 activation fee = $485, and that’s not including any taxes involved. Let’s just say there’s a conservative 5% tax on that entire package, and you’re looking at roughly $509.
An off-contract base iPhone 5 will probably be about the same price as base off-contract iPhone 4S at $649. So for just $150 more, you’ll save yourself from having to lock into another two-year commitment, where the same issue could come around and bite you again. Hopefully AT&T realizes this, and allows mid-term contract users to early upgrade without penalty.
The only place where this would be an issue is if Apple doesn’t have unlocked phones on launch, which is, judging from previous launches, totally within the realm of possibilities.
For those of you who are in a similar situation, what will you do? Will you bite the bullet, and pay upwards of $500 for a new iPhone 5, will you switch providers, or will you wait it out until unlocked devices are available?
Our complete iPhone 5 event coverage:
- Tim Cook kicks off iPhone 5 event with the usual run of statistics
- This is the iPhone 5
- iPhone 5 pricing and availability
- Feast your eyes on gorgeous iPhone 5 shots
- Watch the iPhone 5 presentation video
- Watch the iPhone 5 keynote video
- The iPhone 5 by the numbers
- How the iPhone 5 is made
- iPhone 5 hands on videos
- iPhone 5 vs iPhone 4S head to head specifications
- iPhone 5 has built-in LTE and Ultrafast Wireless
- LTE tech forced Apple to produce three versions of the iPhone 5
- iPhone 5 features A6 processor with 2X faster CPU and 2x graphics
- iPhone 5 features better battery life than iPhone 4S, even with LTE
- iPhone 5 features thinner and improved iSight camera with sapphire crystal
- New smaller iPhone 5 Lightning connector confirmed
- iPhone 5 has three microphones and an improved speaker design
- iPhone 5 does FaceTime in HD, detects faces
- 16GB iPhone 4S now just $99, 8GB iPhone 4 is free, 3GS is a goner
- AT&T confirms iPhone 5 buyers can keep unlimited data
- iTunes 11 takes cues from iOS in complete redesign
- iTunes 10.7 is out, get downloading
- iOS 6 launches on September 19
- Apple seeds iOS 6 GM to developers
- Apple invites devs to update their apps for iOS 6
- iOS 6 Panorama mode hands on video
- Apple unveils taller multi-touch iPod nano with a 2.5-inch display
- Apple introduces new iPod touch with 4-inch screen, comes in 5 different colors
- Meet EarPods, Apple’s new in-ear headphones
- Foo Fighters rock out at iPhone 5 event
- Poll: which iPhone 5 are you?
- Phil Schiller explains why the iPhone 5 doesn’t have NFC
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