Verizon offers free iPhone 16 with trade-in deal

In the United States, as Memorial Day approaches, Verizon has launched significant promotional offers on the Apple iPhone 16, which is priced starting at $799. The discounts are part of Verizon's Red Hot Deal Days event, where customers can acquire an iPhone 16 without any cost through a trade-in program. Customers must trade in a suitable device from brands like Apple, Google, Motorola, or Samsung and enroll in a three-year installment plan with Verizon's Unlimited Ultimate plan. Under this deal, qualifying customers could save up to the full retail price of the iPhone 16 if they trade in an eligible device. If customers do not have a trade-in device but are new to Verizon, they can still take advantage of a significant promotional credit. As a new customer, they can sign up for an Unlimited Welcome, Unlimited Plus, or Unlimited Ultimate plan and receive a promo credit that offsets the phone's cost over 36 months. This deal is part of Verizon's strategy to attract new customers while offering existing customers lucrative upgrade options. The offer is meticulously structured so that it is not overly complicated for the consumer but still ensures that trade-ins are processed promptly. To take part in the trade-in promotion, customers must act within a specified time frame; trading in a device must occur within 30 days of purchasing the new iPhone, while upgrades require the old device to be active for at least 60 days prior to the trade-in. The iPhone 16 is available in various colors, including traditional shades like white, pink, and black, as well as more vibrant options such as teal and ultramarine. These promotional offers demonstrate the competitive nature of the smartphone market and how carriers like Verizon strive to provide value to customers amidst economic sensitivities, significantly shaping consumer mobility choices.