Quote:
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In November, AT&T competitor Verizon Wireless doubled its maximum early contract termination fee for smart phones to $350 partly to protect itself against resellers. That move drew scrutiny from the Federal Communications Commission, which asked the company why the fee needed to be so high. Verizon said the old $175 termination fee didn't cover the difference between what it charges customers and what it pays manufacturers for the phones.
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Sure.
$350, plus whatever the customer paid for the phone in the first place? Jigga please.
Looking at Verizon's smartphones I see 3-4 of them that probably only cost them $100-150 from the manufacturer
