In addition to the iPhone 5, T-Mobile has done away with cellphone contracts and moved to flat-rate pricing. The company hopes its new plans — as well as its monthly installment payments for the device itself — will lure customers away from the likes of AT&T and Verizon.
So, now that the iPhone 5 is available on all major carriers — which carrier offers the best deal?
We did the math and calculated the monthly rate for an iPhone 5 on Sprint, AT&T, Verizon and T-Mobile. We also accounted for the price of the device itself and calculated the total cost of ownership over the course of two years.