Sprint Announces $350 Discount for iPhone X on Sprint Flex With Trade-in [Updated]

Earlier in the month, Sprint launched an iPhone 8 discount program that brought the total price of the smartphone down by $350 through discounting the cost of monthly leases. Today the carrier has revealed a similar promotion will be coming to Apple's iPhone X, just a few days before pre-orders for the device begin on October 27.

Like the iPhone 8 deal, there are a few stipulations to come with Sprint's discount. First, to get the 64GB iPhone X at $22.22/month (down from $41.67/month) you'll have to sign up for the Sprint Flex leasing program, and you'll need to trade in an eligible smartphone. The Apple devices currently eligible range from the iPhone 6 and 6 Plus to this year's iPhone 8 and 8 Plus; various Android smartphones are also accepted. Both existing and new Sprint customers will be able to take advantage of the deal.

Under Sprint's deal, you'll be paying about $400 for the 64GB iPhone X over the course of the 18-month lease. Afterwards you can trade in the device to Sprint for a new lease and continue the program (which you can do after 12 monthly payments with iPhone Forever), or choose to keep the iPhone X. If you do, Sprint's $22.22/month discount will no longer be applied for the remaining monthly payments and the price will again rise to $41.67/month. With the 18-month discount and 6-month regular price, the 64GB iPhone X would come out to about $650 total, down from $999.

Additionally, Sprint announced that it will offer a "best price guarantee" for the iPhone X, so if you see a nationally advertised lower price within 14 days of your Sprint lease activation or preorder, you can receive the difference via a Visa Prepaid Card.

Verizon also announced its own iPhone X promotion today, but it appears the carrier is simply offering up to $300 off the device in regards to eligible smartphone trade-ins. Verizon hasn't yet delved into what this could be on a monthly lease basis for the iPhone X, but the company did say that the $300 trade-in/promo credit will be applied over 24 months, and ends when the balance is paid or the line is terminated/changed to another plan.

If you're looking to trade in your current smartphone ahead of the iPhone X's launch, Gazelle is gearing up to debut a promotion where you can get 10 percent more cash back on any smartphone traded in between October 24 and November 7. Gazelle offered some pricing examples of how the promotion will affect the trade-in values of a few iPhone models:

• iPhone 7 256GB - up to $335 + 10% promo = $368.50
• iPhone 7 Plus 256GB - up to $360 + 10% promo = $396.00
• iPhone 6s Plus: 128GB - up to $215 +10% promo = $236.50

For more of the latest deals heading into the launch of the iPhone X, be sure to head over to our Deals Roundup.

Note: MacRumors is an affiliate partner with these vendors.

Update: T-Mobile has an offer similar to Verizon's, allowing customers to trade in a qualifying iPhone and get up to $300 off the iPhone X via 24 monthly bill credits on T-Mobile's installment plan. T-Mobile's offer begins Friday, October 27, alongside iPhone X pre-orders.