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New iPhone To Be Released Friday
Updated September 21, 2017 6:41 AM | Filed under: Business
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(UNDATED) - With the new iPhone 8 and iPhone 8 Plus set to start shipping on Friday, the personal-finance website WalletHub today followed up its recent iPhone Survey by releasing the results of its iPhone Savings Report to help consumers make sense of all the different pricing options and find the best deal.

Here are some key findings:

  • Individuals who want the new iPhone can save up to $917 by opting for a no-contract plan from Walmart Family Mobile. Families can save up to $1,684 for four lines.
  • Individuals can save up to $1,495 by keeping their old phone and using the Walmart Family Mobile plan. Families can save up to $2,263.
  • None of the major carriers offer two-year contracts for new iPhone purchases anymore, after Sprint discontinued their offer in the past year.
  • 74 percent of people don't plan to buy the new iPhone.
  • Only 1 in 50 people would pay $1,000+ for a new phone.
  • Nearly 1 in 3 Americans would rather have a new iPhone than a higher credit score.
WalletHub's Cell Phone Savings Calculator lets users input their upfront and monthly costs to compare the true cost of two-year contracts, installment plans and no-contract plans from all of the major carriers. You can check out the calculator, along with an embeddable infographic comparing the most popular plans here.

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