New Share Everything data plans make Verizon a lot of money
Today, Verizon announced their new data plans as part of their efforts to adjust to the changes in technology with smart phones where everyone is moving to using data. The days of voice and texting being a revenue generator for wireless carriers is disappearing as there are more apps out there allowing people to text through their data plan instead of through say Verizon’s texting plan. That means lost revenue for the carrier. Add to that the idea of people using Google Voice or Skype to talk to others and wireless carriers take another hit for voice revenue. Not a good situation for wireless carriers and the reason that Verizon has come up with their Share Everything program. But, is it a good deal for consumers?
This basically forces everyone on to an unlimited voice and texting plan for a fixed amount. For some it is going to end up costing them more for voice than what they are paying right now. You can review a breakdown of the information and see for yourself how it might match up to your needs. The bottom line from everything I can see is this is going to cost consumers more than they are paying today when they move to the new plans. For a few, that may not be the case, but for everyone else, they will be paying higher rates on a new contract at Verizon. All of this is trying to be sold as a good deal for consumers.
But, selling a bad idea is not going to go over well with customers and unless all the other US wireless carriers join in with Verizon on this idea, they could see slower growth as a result. Verizon has been going after the data plans along with AT&T. It was not that long ago where you could get an unlimited data plan for $30 per month. That has been pushed aside in favor of the tiered data plans of today. Right now, you can get 1 GB of data on a plan for $20 per month. Makes the unlimited plan look very good and I know someone who current has that option.
Verizon has also added other ways to get money out of you such as the usage controls that you can purchase for $4.99 per month which will let you determine which device gets how much of the shared data plan. Seems like another charge they are getting. We have all hoped that Verizon would keep things simple and charge a fee of say $5 per device which would be sharing the data. But instead, they have found a way to force everyone on this new plan to pay more for voice and texting while they have further reduced the amount of data available to consumers as reasonable prices. Do you see this as a good deal?