When you can SELL your old iPhone for more than the cost of the subsidized new contract iPhone model, it doesn't really matter, now does it? When i moved from my iPhone 4s to a iPhone 5, I sold my 4s for $275. . . which more than covered the upgrade costs and, since there were some other spiffs being offered, I got the new iPhone 5, and put $175 in my pocket. My monthly cellular phone rate did not change. Two years later, when I moved to my new iPhone 6, I sold the 16GB iPhone 5 for $280 on eBay . . . $20 less than I paid for my new 64GB iPhone 6. Ergo, my iPhone 5, cost me $20 for two years use, plus my contract payments. It would have cost me more for one of the Android junk. . . because Androids don't sell worth a damn at the end of their contracts.
Depends on the contract that comes with it.
Ergo, my iPhone 5, cost me $20 for two years use, plus my contract payments.
And how much were your contract payments?