T-Mobile announced it will offer the iPhone 6S at just $20 per month on its Jump upgrade plan, significantly undercutting Apple's price point for its new plan.
At Apple's big iPhone reveal event Wednesday, Apple unveiled a new upgrade plan, which will let people pay a base rate of $32 a month for an unlocked iPhone 6S with Applecare Plus. On this plan, you'll own your iPhone after 24 months, but you also have the option to trade it in for a new model every year. This restarts the timer, but lets you always have the latest model. If you choose to upgrade every year, the plan works more or less like a lease.
But not to be outdone, T-Mobile, the feisty smaller player in the American wireless service market, has released a much better iPhone deal (price wise) on its Jump plan. You'll be able to pay $20 per month for 18 months on the plan for an iPhone 6S, and be able to upgrade whenever you want to a brand new phone (up to 3 times a year). And at the close of the 18 months, you can either give the phone back and wash your hands, or you can pay an extra $164 (for the iPhone 6S) to walk away with it.
As Gizmodo points out, all the different periods and trade-in options can be quite confusing, so here is the total price breakdown for each plan:
A 16 GB iPhone 6S is $524 total from T-Mobile
A 16 GB iPhone 6S is $777 total from Apple
Of course, if you go the T-Mobile route you are stuck with its network, and don't get Applecare Plus.