Terminataion fees increase

Be careful if you’re looking to get the latest iPhone when it comes out later this year, especially if you just renewed. AT&T is looking to almost double the termination fee for smart phones from $175 to $325. The reason they’re doing this is to try and recover the losses incurred when someone terminates a contract early and only pays the current fee. If you have what people are callng a “dumb” phone (one that basically just calls and texts), your early termination fee is set to drop by $25. But back to the smart phones, it costs at least $100 if not more to purchase initially, and the termination fee can be 3x what the phone costs you. So, tell me again what’s smart about these phones?