Yesterday, AT&T introduced a new device upgrade program called AT&T Next. An obvious response to T-Mobile's 'Jump' plan, Next will allow customers, willing to pay a monthly fee, to trade in their device and upgrade to a brand new one every 12 months.
At first glance, this sounds like a good deal. After all, the carrier's current policy is that you only get a subsidized equipment upgrade every 24 months. But after crunching a few numbers, it's fairly clear that the Next plan is actually a big ripoff for customers...