AT&T's Latest Plan For Squeezing Money From iPhone Users

smashed iphone

Photo: TFDuesing via Flickr

AT&T plans on offering insurance to iPhone owners starting in June, according to documents sent to Boy Genius Report.IPhone owners will be able to pay $13.99 per month for iPhone insurance. If anything happens to their phone, they will still have to pay $99 to replace an 8GB 3G or $199 to replace a 32GB 3GS.

Sounds steep to us, but BRG notes it’s much less than $699 for a non-contract iPhone 3GS.

Upon our first reading of the news, we thought AT&T was just trying to get more money out of its customers, but half the people in our office have dropped their iPhones and broken them, so we suppose this could be useful.

Our only question, doesn’t iPhone Apple Care already cover this?

See Also: 25 Awesome Charts On The State Of The Wireless Industry

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.