AT&T has posted a FAQ for the iPhone and service activation. Much of the information was known, but clarifies activation policies:
- $499 for 4GB, $599 for 8GB iPhone - 2-year service agreement required - iPhone is not eligible for Wireless Phone Insurance; iPhone is covered by Apple Warranty - No business discounts - iPhone must be activated before it can be used. Pre-installed SIM card. - Activates "within a few minutes" - 14 day return policy. If opened, there is a 10% restocking fee. - Existing AT&T wireless customers will need to add an iPhone Data Plan.
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To me the most interesting thing about this FAQ is that there is no limitation on who can buy an iPhone, even if you are currently under contract to AT&T. I'm currently on AT&T and out of contract, I get upgrade to a new family plan, get 2 free phones today, then buy the iPhone next week and migrate the plan to that iPhone for an extra $20 a month.
The benefit of me doing this of course is that I can sell the 2 new phones I got for free on Ebay for close to $300 and put that money towards the iPhone, essentially creating my own phone subsidy.