Not breaking news: Smartphone subsidies are just a fact of modern life

Hey, you all know how phone “subsidies” work, right? You pay a reduced up-front charge for the phone so they can rope you into a contract, blah, blah, blah. That’s not surprising in 2014, is it? It used to be surprising. Here’s the Macalope , five years ago when AT&T customers were first figuring this out: [It] isn’t a “subsidy” by the traditional definition . It’s a loan. AT&T is loaning you ...

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