Prepaid iPhone offered by Sprint with cheaper data plans

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The users of Apple Inc products can now take advantage of new offers from Sprint Nextel. Sprint Nextel Corp is unveiling plans to offer Apple Inc’s iPhone through one of its pay-as-you-go businesses by announcing a pricing structure that might change how users buy and pay the popular smartphone.

From June 29 onwards, Virgin Mobile of Sprint will offer a 16 GB gigabyte version of the latest iPhone for $649, which is the same price offered at the Apple’s stores. But this one will offer unlimited data plans without the consumer needing to agree to a two year contract at nearly one third the price of the plans from the other post paid carriers.

Some of the other major carriers like AT&T Inc and Verizon Wireless offer the iPhone much less than its retail price but make up the money by locking the customer in two year data plans. Moreover, last week Leap Wireless International Inc also said that it would begin selling the device with prepaid service on its Cricket Wireless Network.

But that would be only available to just 20 percent of the Americans. The Virgin Phone will be available nationwide at RadioShack Corp, Best Buy Co and online.