Verizon for sure raising certain ETF’s to $350

Remember that little nugget of info concerning Verizon and higher ETF’s? Well, it was true after all. Verizon, looking to recoup some of the money they so kindly spend on subsidizing phones, is changing their ETF policies to deter customers from purchasing high-end devices, canceling the line, then selling the device for several times what they actually paid after VZW’s subsidy. November 15th is the date that phone flippers will want to mark down as that is the day ETF’s for lines attached to “higher-end” smartphones such as your typical Storm and Droid counterparts will rise from $175 up to $350. Youch. Makes sense in the grander scheme of things though. Worth noting — these lines are also pro-rated with the ETF cost dropping $10/month that you stay true to your word. Is it enough to keep you loyal, or just a bigger bite to swallow when dropping the hammer?

BGR