So, what are the implications of unlocking your phone? Is it illegal, or do the phone companies just frown upon it? Just curious.
Unlocking your phone is not illegal. It is actually illegal in some countries to sell a locked phone. Cingular and T-Mobile will actually give you the unlock codes for your phone after you have been a customer for a certain period of time. The phone provisioners do not want you to unlock your phone, because it gives you the freedom to switch carriers. They feel that they are free to lock your phone to their service because they eat $100-$200 of the phone cost. They dont want to spend a couple hundred bucks on your phone to have you switch carriers.
I'd just like to add into that the fact that apparently none of the wireless providers have broken even for profits yet. Not one, not a cent.
beddoughty where did you do your research the onion magazine. Because last month the top rated stock with the most divident returns and everything else as reported by business week was NEXTEl which got an A rating in all categories. Verizon has shown profits before and I'm sure in the past so have many other wireless carriers, also there's a bagillion companies who have had huge stock prices and done amazing for at least 10 years and always had debt. Learn some basic macroeconomics, and you'll see that when the economy is good debt is not a bad thing. Sorry to be harsh but your statment made no sense, you stated that wireless companies being in debt were a bad thing, yet huge companies like enron and worldcom went without notice and were always in debt. Also companies like Amazon and Yahoo had higher stock prices when they were in debt, sure the stocks were over priced but people are and were making money and getting jobs with companies that are in debt, and many of these people are taking stock options with companies in debt, because of the potential benefits they have. Sure you can argue about the telecom crash and such but there are plenty of companies (god I forgot the name of the british one I wanted to say) but there is one company till I remember will just call it company x that has stuck around since the IT crash because they have no debt, this company from Scotland trades at like 14cents a share on the NYSE and like 8 pence on the british market, because they have no potential so no one cares that they have no debts. Point is debt can and always will be a very good thing in a capitalist society.
So what if you get a phone from a provider and its a dud, you trade it back in and you had unlocked it? Will they just relock or will they be pissed.
I would send the phone in for a manufacturer warranty. They may relock it or give you a new locked phone. You may need to get it unlocked again.
Ay yo diverdown, i think he just meant that these phones might cost like 300.00 retail, but customers buy it, with a contract, for like $100.00 and theres not a full profit from it there, i think that is what was meant, and to some people that statement sounds right
I would think so, but only if it is going to be used correctly. Like for short term investment capital. Investment as far as: People, buildings, raw materials, R&D. Let's say, I purchase a new phone with my CC instead of cash. I am now in debt. But, I free up cash resorces for other things, like food, rent, or can sit in a bank and collect interest for the few weeks until my CC payment date. As long as I pay the full amount, the bank essentially floated me a no interest short term loan. Or, if I know I'll be strapped for cash for a few weeks/months, I can use the CC for a longer term interest loan. This will get me by during a slump (like when I only worked 8 months a year, but needed to make a big purchase during the off season - like if the furnace blew up). I don't know all the specifics, but it seems WC and Enron used debt the same way some ppl use credit cards...keep the balance @max and make the minimum payments...