Sprint Enhances iPhone for Life Plan; Customers Can Now Get a New iPhone Every Year

October 24, 2014
iPhone 5S now available for 24-month lease on iPhone for Life Plan

OVERLAND PARK, Kan. – Oct. 24, 2014 – Sprint (NYSE: S) customers can now upgrade their iPhone every year with the new 12-month lease option through the iPhone for Life program beginning Nov. 14. This beats Verizon Wireless’ upgrade policy, which was recently changed to make customers pay off 75 percent of the balance which is 18 months of device payments to get a new iPhone1.
With its exclusive iPhone for Life Plan, Sprint gives qualified customers what they want – the best value in wireless and the ability to get a new iPhone every year without making a lump sum payment. Sprint customers now have the choice of a 12-month or 24-month lease to acquire an iPhone 6 or iPhone 6 Plus through the iPhone for Life Plan.

Customers choosing the 12-month lease option will pay $30 per month for the iPhone 6 16GB or $35 per month for the iPhone 6 Plus 16GB.

The iPhone for Life Plan is the most economical way to get a new iPhone 6 or iPhone 6 Plus.  There are no out-of-pocket costs for qualified customers and the plan guarantees a new device every 12 months.
 “Consumers have told us they want the best value and the ability to upgrade their devices every year,” said Marcelo Claure, Sprint CEO. “Sprint delivers with its new 12-month lease offer, allowing customers to upgrade to the latest iPhone every year. The iPhone for Life Plan gives customers the lowest monthly cost in the industry for acquiring an iPhone. We are making it easy and affordable for consumers to get what they want.”
At the end of the lease agreement, customers in good standing currently have the following options to continue service7:

  • Turn in the current leased device and lease another phone with zero down at signing
  • Purchase the leased iPhone
  • Continue leasing on a month-to-month basis
  • Or, when the lease ends the customer has the option to return the device in good working condition and terminate service

In addition, beginning Nov. 14, Sprint is making the iPhone 5S available to lease. Customers will be able to lease the iPhone 5S 16GB for only $18 per month for 24 months. The iPhone 5S 32GB will be available for $21 per month and the iPhone 5S 64GB for $24 per month (excluding taxes and fees).
Best Value in Wireless
Sprint is committed to offering U.S. consumers the best value in wireless and double the data on nationally available plans compared to AT&T and Verizon Wireless at the same or lower monthly price. With the Sprint Family Share Pack, Sprint offers double the sharable data for smartphones, basic phones, tablets and mobile broadband devices. Sprint also offers customers unlimited talk, text and data for $60 per month with the Sprint $60 Unlimited Plan – a $20 savings per month compared to T-Mobile’s $80 unlimited plan8.
And, the Sprint Simply Unlimited Plan exclusively for iPhone 6 and iPhone 6 Plus, gives new and existing customers unlimited data, talk and text while on the Sprint network for only $50 per month.
In addition, when customers bring their number to Sprint, a family with up to 10 lines can get 20GB of shared data and unlimited talk and text for only $100 a month through 20159. For a family of four, that’s a savings of $60 per month versus AT&T’s and Verizon’s current pricing through 2015; double the data of AT&T and Verizon’s 10GB offers; and double the high-speed data of T-Mobile.
Sprint’s 4G LTE network serving more than 255 million people, with more on the way, makes it easy for customers to enjoy data on their devices.
But that's not all. In addition to all new Sprint 3G network and its 4G LTE network, Sprint is deploying Sprint Spark™, a technology designed to greatly improve the performance of video and other bandwidth-intensive applications, including new generations of online gaming, virtual reality and advanced cloud services. It enables stutter-free video chat on-the-go and mobile gaming that leaves lag behind.
Available today in 27 markets across the country, Sprint Spark is an enhanced LTE service that’s built for data and designed to deliver average wireless speeds of 6-15Mbps and peak wireless speeds of 50-60Mbps today on capable devices, with increasing speed potential over time. Sprint plans to reach 100 million Americans by year-end with the service.10
About Sprint
Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served more than 54 million customers as of June 30, 2014, and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint as the most improved U.S. company in customer satisfaction, across all 43 industries, over the last six years. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America in 2011, 2012 and 2013. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
1Compared to  Edge handset financing program with customers making payments on their monthly payment schedule.
7No equipment security deposit required. Req. service plan. Customer is responsible for insurance and any repairs. If service or lease is cancelled early, the remaining lease payments become due immediately and customer must return the device or pay the purchase option. Future leasing subject to device availability and monthly payments may vary. Service plan rates and availability are subject to change.
8Compared to T-Mobile’s $80 Simple Choice Plan with unlimited high-speed data, unlimited International text and data features, Rhapsody unRadio and 5GB of tethering per mo. See carrier website for additional details.
9The $100 offer is available through Jan. 15, 2015 when customers switch to Sprint. It includes $15/mo./line access chargers waived through 2015. Valid only on 20GB or higher data allowance
10Sprint Spark (enhanced LTE) is available in limited markets. Sprint Spark actual deployment plans and speeds will be determined over time based on many factors, including build economics and the availability of equipment, devices and applications.