Eunice Bakr
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Verizon will GIVE AWAY FOR FREE new iPhone 6! Kind of pathetic...


Poor Verizon! What a pity that you have to go to such lengths

In an unusual move,Verizon Wireless(VZ,Tech30)announced Tuesday it would give away one of the phonesApple(AAPL,Tech30)revealedearlier in the afternoon.

The catch? Customers must turn in their old iPhone and sign a two-year agreement with Verizon.

Carriers usually offer a discount on phones to customers who sign a service contract, and sometimes offer older versions for free. But it is rare for a carrier to offer the latest model at no charge. (Verizon, for example, currently offers the older iPhone 4S for free and the more recent 5S for $199 when the customer signs a contract.)

Those who redeem the iPhone 6 offer will trade in their old model and receive a gift card for $200, which is used to buy the new phone, priced at $199.

Money CNN