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Probably because they are still paying off their other phones

https://fred.stlouisfed.org/series/CCLACBW027SBOG



There were rumors of having smartphones be on subscription.

https://www.tomsguide.com/news/iphone-subscription-service


Haven't some carriers already done things like this?

i.e.: https://www.sprint.com/en/support/sprint-flex-lease.html




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