Okay, I love stories like this: someone’s found a loophole in the AT&T/iPhone marketing schemes. Apparently, the cheapest way to get an unlocked iPhone is to sign up for a 2 year contract with AT&T, get a subsidized iPhone for $199, and then cancel the contract and pay the early termination fee. Again, this only applies if you want an UNLOCKED iPhone… if you’re okay with AT&T, just keep the subsidized plan. You can read the full article at Gizmodo HERE.

Here’s the math from the Gizmodo article:

$299 - 16GB iPhone w/contract
$36 - Activation
$175 - Early Termination Fee
$70 - One month of service

Total Price Using The Shady Method: $580

So…

8GB iPhone Canceled: $480
16GB iPhone Canceled: $580
8GB iPhone Unlocked from AT&T: $599
16GB iPhone Unlocked from AT&T: $699

Are we missing something?