A report from last week has indicated that Samsung will be introducing a phone upgrade plan this coming Friday. Now thanks to a report from Reuters, it looks like some of the details of the plan has been revealed, along with what appears to be confirmation that the plan might only be exclusive to those living in South Korea.
So about this plan, basically customers who purchase either the Samsung Galaxy S7 or S7 Edge will be eligible to take part in the plan. In addition to the cost of the device, customers will have to pay a monthly fee of 7,700 won (about $6.35) a month for the next 24-months. After 12 months, they are then given the option to upgrade to a new Galaxy S or Galaxy Note handset in exchange for the device that they are currently using.
Given that Samsung typically has at least two high-profile launches every year, essentially you could swap from the current Galaxy S7 or S7 Edge, to the Galaxy Note 6 which we expect will be launched in the later part of the year, or maybe even the Galaxy S8 if you’re willing to hold out for that long.
Such plans aren’t uncommon amongst carriers, but Samsung’s decision to offer the plan seems to be in line with Apple’s recent practice in which last year, they too launched an iPhone upgrade program which for the most part seems to work the same way.
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