A new leaked document from AndroidCentral points to Verizon killing off their one year contract option. Verizon was one of the last hold outs with that one year option which gave you a quasi middle ground between paying $550 for a new phone or signing a 2 year contract. For those of us who have to have the latest device that leaves you watching all of the new devices come out for 2 years until you can upgrade. Supposedly this new policy goes into effect on April 17th so we will know soon enough.
I never truly understood the point of the whole contract in the first place with subsidized phones but it has become a huge selling factor for carriers. It also lets them easily block third parties from selling expensive unlocked phones without subsidies. The thing is that you are paying Verizon that monthly fee either way if they are subsidizing the device or not and I have never understood how that made any sense. Better yet when your 2 year contract is over does Verizon start charging you less until you upgrade?
Let us know if you ever picked up a device on the 1 year contract option from Verizon or any other carrier.