The launch of the iPhone 5 on the T-Mobile USA network last month was greeted with a lot of fanfare and a new pricing structure — customers could pick up a 16 GB iPhone 5 with a $99.99 down payment and then make 24 payments of $20 to purchase the phone outright. TmoNews reports that the down payment on all iPhone 5 models has been raised by $50, which raises the cost of the least expensive unlocked iPhone 5 to $630.
That’s not all that much less than the price of an unlocked 16 GB iPhone 5 from Apple — $650. Of course, there’s no monthly payment option if you buy direct from Apple. Customers wanting to reduce the down payment on that T-Mo iPhone 5 should remember that the carrier does take trade-ins of current iPhones. T-Mobile is seeing the benefits of the iPhone already, having sold more than a half-million devices in the first month after launching the device.