It's like credit cards... you'll just fall further and further in debt. Who doesn't replace their phone within every 2 years? That's 6 months of payments rolled into your next upgrade.

 

I have a soon-to-be four year old phone in my Motorola Atrix. I got it on the second day that it came out back in March 2011. I'm still waiting for that phone that "I gotta have".

 

Well there are always going to be the few holdouts - but the mobile phone industry is booming and the numbers from Samsung, Apple, and other mobile phone producers say that people are going through phones pretty quickly.

 

Don't forget the $40 per month "smartphone connection charge". AT&T is becoming a bigger laughing stock by the day.