Say the new iPhone 5 came out this summer/ fall, can I really turn in my iPhone 4S with $100 to get the iPhone 5 even though my contracts not up yet?

Someone told me that if a new iPhone comes out less than a year after I bought my iPhone 4S, I can get the new one for $100 + my old iPhone. I bought my iPhone 4S in December of 2011, so if the new iPhone comes out, can I really get it for $100?
Thanks.

I thought vzw did that for one device but you would have to buy it right before the new one came out. Since potentialy you have bought the iPhone 4s almost year by the time it Comes out probably not. I don't think they would. Maybe it was the iPad somepeople bought the original and then the 2 came out right afterword so they let them get $100 towards the newer one.
If you upgrade there will be a $30 fee too starting April 22. Is it worth not waiting? because if you don't have another upgrade you would be paying full retail to me that's a lot and you would be about 10 months away from upgrading. For me i think pros and cons. By the time you can upgrade 20 months from other purchase you will know how good it is and what the hype is, probably bill to the account will be hopefully available, and they will have more chooses at the stores. I know from expierence that when the iPhone comes out it takes while for the Verizon stores to get anything because of how popular it is. I like to go to the store to get things like this. Trying to show you the positive of haveing to wait.

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