T-Mobile raises price of iPhone 5

Published May 14, 2013 at 05:00AM

T-Mobile has quietly increased its price of the iPhone 5 by $50, raising the down payment to $149.99.

The Seattle-based carrier began selling the phone last month at $99.99 plus 24 payments of $20, for a total cost of $579.99, but now, T-Mobile is saying the initial $99.99 down payment was a promotional price that ended Sunday.

“We all know promotions are temporary,” T-Mobile said in a statement.

— From wire reports

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