Is it cheaper in the end to buy a new iPhone at full price?

Normally I just take the current special that a cell phone company is offering and lock in for two years.  So far that has worked out fine.  But if I decide to buy a new iPhone at full price, does it work out to be cheaper in the end?
Thank you.

This depends, are you on an old voice and data plan where the company over charges you from day one to pay for subsidized cell phones.  They you should definately buy a subsidized cell phone.  You are already over paying for service to cover the subsidized phones cost.  If you don't buy a subsidized phone every two years, the overcharge is just more profit for the cellular company.  Be aware they will charge you a $40 activation fee just because they can.
If you have moved to one of the new voice/data/text plans where you are expected to bring your own device, then buying the phone outright make sense.  Here again, you will be charged the dreaded $40 activation fee.  With AT&T, you can do their NEXT plan and pay for the phone over 20 or 24 months.  And the NEXT plan waives the $40 activation fee.

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