Citing the evolution of the wireless business for a number of changes at Verizon today, the nation's largest carrier confirmed that Verizon subscribers in possession of an iPhone will now have to wait a little longer before qualifying for an upgrading to the next generation iPhone.
"In alignment with the terms of the contract, customers on a two-year agreement will be eligible for an upgrade at 24 months vs. today's early upgrade eligibility at 20 months," the carrier posted today. "This change aligns the upgrade date with the contract end date and is consistent with how the majority of customers purchase new phones today."
The first customers impacted by this change are customers whose contracts expire in January 2014. As always, customers may purchase a new phone at the full retail price at any time.
Fortunately, Verizon confirmed, customers may continue to share an upgrade with another person on an account but only if that customer is upgrading to a device within the same equipment category.
To read this morning's announcement in full, click here.