Verizon to Drop it's 2-Year Contracts for Smartphones and End Subsidies

Verizon is scheduled to no longer offer its standard 2-year service contracts and smartphone hardware subsidies in September. The move will likely have two results. First, consumers will have the flexibility of month-to-month service contracts for their smartphones, and second, Verizon customers will now need to pay full retail price - minus any onetime incentives - for their smartphones as the company eliminates "subsidies" compared to the purchase of a regular smartphone with the service contract.

Verizon is following lead of contract-less and subsidy-less smartphone of Sprint and T-Mobile who announced similar tactics earlier this year. What impact with this trend have on smartphone purchases, especially the industry-leading Apple iPhone 6 and Samsung Galaxy S6 Edge? Let us know your thoughts here at the Smartphone and Tablet Zone.