The iPhone is hitting the prepaid market in a big way with Cricket and Virgin Mobile offering Apple's marquee device. But can anyone afford it?
The key dilemma for a prepaid iPhone is exactly what makes the market so strong: the lack of a service contract. Consumers love the ability to jump in and out of a service, but that freedom comes at a price in the form of a higher upfront cost for the phone.
For the iPhone, that's a particularly tough pill to swallow. Cricket, owned by Leap Wireless, is charging $500 and $400 for the iPhone 4S and iPhone 4, … Read more