Not the phone, the network. Apparently that big appetite for squeezing consumers for every penny they can is actually being put back into the network.
I’m not sure how I feel about this. It bugs me that I need to spend close to what some save as a car payment just to have my phone work, with text and internet services of course. At the same time though, Verizon is updating their towers and expanding network coverage (mainly LTE) literally weekly. The news may tell lies but consistently reading about new site upgrades proves that Verizon isn’t pulling some media stunt.
If Verizon stays on this path, it will force other carriers to do the same. They would need to compete so it’s safe to assume other carriers will match or come close to Verizon’s pricing model to generate the revenue they need for network growth and maintenance. If they don’t Verizon will offer such a compelling service that more will switch, thus increasing prices yet again, which then forces others out of the competitive market.
So, how to feel about this one? In a perfect world, I want low prices and better service. If I had to choose one, unfortunately the services are more important. Why pay $60 a month for nothing when $150 does so much more? We shall see what the future holds in store.