It can be expensive to upgrade your iPhone before your 2 year contract is up. You’re largely paying off your iPhone through a two year subsidy, after all, which means that if you want the iPhone 5 after you just got the iPhone 4, AT&T — while delighted to extend your contract — needs some dosh to not come out behind in the deal.
No one debates that. What people do debate, though, is how much money it should cost an end user to upgrade their iPhones early. Currently, it can cost up to $499 to upgrade to a 32GB iPhone 4 before the end of your two year contract… even if you’re in your last months of the existing contract.
Well, guess what? It’s about to get worse. Starting yesterday, new pricing for iPhone Early Upgrade Pricing went into effect, bumping the price of an early upgrade another $50 across the spectrum of AT&T iPhone models.