T-Mobile announced earlier this week that it will offer the iPhone 5 for the first time ever next month. The company revealed that the 16GB model will cost $99 down and $20 a month for 24 months for a grand total of $579, compared to Apple’s (AAPL) price of $649. T-Mobile said that it would offer a full line up of iPhone devices, however the company did not disclose additional pricing information at its press event on Tuesday.
According to TmoNews, the carrier has confirmed that it will offer the 32GB and 64GB models online only. The 32GB option will be priced at $199 down and monthly payments of $20 for 24 months, while the 64GB model will require a down payment of $299 and payments of $20 a month for 24 months. The total comes to $679 for the 32GB model and $779 for the 64GB option, both considerably less than Apple’s price of $749 and $849 respectively.
The iPhone 5 will be available for T-Mobile customers online and in stores on April 12th.