Got your eye on an iPhone 4S? What about a Samsung Galaxy S II Skyrocket? Multiple reports that AT&T is set to double its upgrade fee on Sunday, February 12, from $18 to $36 may motivate you to get to the store a bit quicker to get that snazzy new smartphone.
The wireless giant confirmed the news to The Huffington Post in an email on Saturday:
Wireless devices today are more sophisticated than ever before. And because of that, the costs associated with upgrading to a new device have increased and is reflected in our new upgrade fee. This fee isn't unique to AT&T and this is the first time we're changing it in nearly 10 years.
(Android Central got its hands on screenshot of a document with AT&T's talking points about the fee increase, so click over to see the image.)
AT&T lost $6.68 billion in the fourth quarter of 2011, much of which was attributed to the failed acquisition of T-Mobile USA, according to The Associated Press. Days later, Reuters reported a management shakeup at the Dallas-based company.