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Verizon Wireless to introduce $30 upgrade fee

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The biggest U.S. mobile provider, Verizon Wireless has announced plans to start charging customers a $30 fee on top of the handset price paid on upgrades with the extra revenue used to offset Verizon’s ever growing costs.

Last quarter, Verizon reported a decline in wireless profit margins, which were deeply affected by the amount Verizon paid to Apple to gain rights to sell the popular iPhone.

Whilst new subscribers often help to boost revenue, existing customers switching devices can often lead to little or no extra revenue for the company, which is one of the principal reasons Verizon is introducing this fee.

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