AT&T says no-contract iPhones coming next week

As promised, AT&T will begin selling iPhones without requiring a two-year contract, but the devices will be so expensive that few people are likely to want to buy them.

Starting March 26, existing AT&T customers will be able to buy the 8GB iPhone for US$599 and the 16GB iPhone for $699, AT&T said. The news follows days of rumors that the commitment-free phones might hit store shelves soon.

The price works out to be more expensive than buying a subsidized iPhone with a two-year contract, paying the subscription for a month, canceling the plan and paying the early termination fee. Including the activation fee, that would come to $476 for the 8GB iPhone.

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