Verizon Wireless offers an upgrade of your iPhone every year
when you trade in your old iPhone
. You must also wait six months and have paid at least 50% of the cost of your current iPhone. That's one of the strongest iPhone trade-in deals we've seen, and yields some significant savings, depending on what you've paid on your current device. (We've seen similar deals, but they usually offer a gift card to put towards your new phone rather than the new iPhone itself.) Note that your trade-in device must also be in good working condition and a new payment agreement will be put in place at the time of the upgrade.