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How to get the iPhone 12 for free -- really

October 15, 2020. Summarized by summa-bot.

The release of the eagerly anticipated iPhone 12 (and its siblings) is just about here.

And Apple (AAPL) is releasing two more models in the coming weeks: The iPhone 12 mini and 12 Pro Max will be available for preorder on November 6.

The top-of-the-line iPhone 12 Pro Max, featuring Apple's biggest ever smartphone display at 6. 7 inches, starts at $1,099.

However, there are several ways to get cheaper -- or even free -- new iPhones, depending on the phone carrier.

AT&T (T) is letting new and existing customers get the iPhone 12 for free with an $800 trade-in offer to owners of the iPhone 8 and newer.

The "uncarrier" is focusing on boosting its subscriber base with iPhone 12 deals.

T-Mobile (TMUS) is giving owners of the iPhone 11 Pro or 10 XS a $850 trade-in credit and a $680 credit to owners of older iPhone models for new customers.

Existing customers get a trade-in value between $200 to $500, depending on their phone.

Its deal is could be good for couples or families: T-Mobile (TMUS) is offering two iPhone 12 Pros for $100 each per month, including an unlimited data plan.

Verizon (VZ) highlighted its growing 5G network at this week's Apple event, so it's slightly surprising Verizon isn't offering a better deal for the iPhone 12.

Similar to its rivals, it's offering $800 trade-in to shoppers, but they must have the iPhone X (released in 2017) or newer and be a new customer or add a new line.

Existing customers can trade in an iPhone X or newer model and pay $15 month for 2 years with an eligible data plan.

"Still, like T-Mobile, Verizon provided 'good enough' offers but falling short to AT&T," Cowen analysts said.

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