The one-cent iPhone is just Boost Mobile's way of reeling you into a three-year agreement. The wireless plan that you have to sign up for, which gets more expensive as you pick a more premium iPhone 15 model, is how the carrier makes its money back.
If you've purchased a phone from a carrier before and understand monthly data plan costs, this deal isn't as bad as it seems. No need to trade in devices. Once the three-year term is complete, you can resell the iPhone and recoup some costs.
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