Pointing to the evolution of the wireless industry for its latest business decision, Verizon Wireless was not the bearer of the best news imaginable on Friday for many iPhone owners on the Verizon network.
This morning, the nation’s largest carrier confirmed that Verizon subscribers will now have to wait longer before qualifying for an upgrading to the next generation iPhone.
“In alignment with the terms of the contract, customers on a two-year agreement will be eligible for an upgrade at 24 months vs. today’s early upgrade eligibility at 20 months,” the carrier announced today. “This change aligns the upgrade date with the contract end date and is consistent with how the majority of customers purchase new phones today.”
The first customers impacted by this change are customers whose contracts expire in January 2014. As always, customers may purchase a new phone at the full retail price at any time.
Although the carrier’s ‘New Every Two’ program ended in January of 2011, Verizon Wireless has continued to allow customers to utilize these expired credits.
Beginning this coming Monday, April 15, these credits will no longer be available.
Verizon, however, did confirm that customers may continue to share an upgrade with another person on an account but only if that customer is upgrading to a device within the same equipment category.