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Sprint to ditch two-year contracts for all smartphones by the end of 2015

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><a href='http://www.imore.com/sprint-ditch-two-year-contracts-all-smartphones-end-2015' title="Sprint to ditch two-year contracts for all smartphones by the end of 2015"><img src='http://www.imore.com/sites/imore.com/files/styles/large/public/article_images/2014/03/Sprint-Store-04.jpg?itok=1txiPi3b' />[/url]</p> <p>Sprint (http://www.imore.com/sprint) will join T-Mobile and Verizon Wireless in abandoning the traditional two-year contract for selling smartphones by the end of 2015. The news comes via a new interview with Sprint CEO Marcelo Claure, who said the company will slowly move towards selling smartphones at full price via a leasing business model.</p> <!--break--> <p>Sprint is already making the move to the new leasing model with today's reveal of iPhone Forever (http://www.imore.com/sprint-letting-customers-upgrade-their-iphone-any-time-same-monthly-rate), which will allow customers to upgrade to a new version of Apple's smartphone at any time while keeping the same monthly lease rate.</p> <p>T-Mobile has not offered two-year contracts for a couple of years now, and last week Verizon Wireless also ditched the contract model (http://www.androidcentral.com/verizon-wireless-revamp-its-data-plans-august-13-ditches-phone-contracts). This decision by Sprint means that AT&amp;T will be the only one of the four major US carriers to still offer two-year contracts.</p> <p>Source: Sprint (http://www.wsj.com/articles/sprint-to-abandon-two-year-contracts-1439837235)</p> </div></div></div><br clear='all'/>

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Source: Sprint to ditch two-year contracts for all smartphones by the end of 2015 (http://feedproxy.google.com/~r/TheIphoneBlog/~3/UtDTE0uaUgU/story01.htm)