When Verizon announced they would be carrying Apple's iPhone, they also stated the purchase price. The last piece of the puzzle has now been put in place with the announcement of data plan costs. As expected Verizon is keeping their existing plan in place for now. The current plan, required for all smartphones, is the $30/month unlimited data plan.
The key words of Verizon's statement are "for now". When a customer purchases an iPhone (or any smartphone) with the associated data plan they will be able to keep that plan during their contract period. Once the contract ends AND the customer purchases a new device, the customer will need to subscribe to a data plan available during that time. With the launch of their LTE 4G phones coming soon, it is highly expected Verizon will move away from the all you can eat for one price model and shift to tiered data plans.
The cost of using the Verizon iPhone as a hotspot for up to 5 devices will be $20/month which gets you 2GB of data allowance. This is on top of the $30/month unlimited data plan. The hotspot plan is optional, while the data plan is not
In addition to the data plan announcement, Verizon also stated that any AT&T customer turning in their i Phone will get $200 for it which can be applied to a Verizon phone.
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