T-Mobile (NASDAQ:TMUS) is the first carrier to announce offers for the recently launched Apple (NASDAQ:AAPL) iPhone 8 and iPhone X.
T-Mobile was quite prepared to take advantage of the new products from Apple which were announced yesterday. The software and tech giant launched three handset variants as had been rumored but not quite as expected because it launched the iPhone 8, 8 Plus and iPhone X. The latter features a massive departure from what fans are used to but the former two are more like slightly upgraded iPhone 6 or 7 devices. Regardless, T-Mobile has introduced a $300 offer through which fans can trade in their iPhone 7 handsets for the newly launched handsets.
The offer from T-Mobile means customers will get $300 off for any iPhone 6 or iPhone 7 that they trade in if they want to get the new device. The offer will particularly be more significant for customers who want to purchase the iPhone X which will carry a heftier price tag. The 64 GB variant of the device will cost $999 while the 256 GB version will be priced at $1,150. The iPhone 8 will cost $799 for the 64 GB variant while the base model iPhone 8 will cost $699.
Carriers announced that the pre-orders for the iPhone 8 and 8 Plus would commence on September 15 and deliveries will kick off on September 22. Pre-orders for the iPhone X will kick off on September 27 and deliveries will be expected as of November 3. The $300 credit given to T-Mobile customers will be in installments spread out over 24 months.
T-Mobile also announced that customers who purchase the SIM-enabled Apple Watch Series 3 and add it to their plan will receive three months of free service, after which they will pay $10 per month. Verizon Communications Inc. (NYSE:VZ) has also revealed that it will give a credit of $300 to customers who want to trade in for the new devices. Other carriers are expected to announce their deals soon.
Apple stock closed the latest trading session on Tuesday at $160.82.
