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Prepaid service has also evolved to include rate plans and buckets traditionally seen in postpaid plans but with a lower cost of ownership for the network operator. Such Advance Pay plans are often monthly plans with either Unlimited Voice/SMS/MMS (or monthly buckets for some of these) and Prepaid Data Volume Add-ons and throttling mechanisms.
Postpaid service mobile phone typically requires two essential components in order to make the 'post-usage' model viable: Credit history/Contractual commitment. This is the basis on which the service provider is able to trust the customer with paying their bill when it is due and to have legal recourse in case of non-payment; Service tenure.
A number of reports have indicated Apple (NAS: AAPL) could be planning a low-cost iPhone. Such a device could vastly widen Apple's addressable market and open up the iPhone to more prepaid service ...
The history of the prepaid mobile phones began in the 1990s when mobile phone operators sought to expand their market reach. Up until this point, mobile phone services were exclusively offered on a postpaid basis (contract-based), which excluded individuals with poor credit ratings and minors under the age of 18 (the typical age of contractual.)
Cricket gives prepaid customers two prepaid options for Apple handsets. An eight-gigabyte iPhone 4 runs $399.99; the more modern 4S runs $499.99 and comes with 16 gigs of storage capacity.
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