Verizon is totally out of sync with the market, with so many new and exciting mobile phone products coming out all the time.
Doubling the termination fee is not in keeping with the new regulatory push to stop companies from gouging consumers with unnecessary fees.
We're basically talking about a new twist on the old bait and switch routine, let's call it bait and lock. Verizon captures new customers by offering them subsidized deals on cool new phones and then wants to recoup the cost by locking them in with long-term contracts.(T - Get Report) made its bet on Apple (AAPL - Get Report)'s iPhone (or maybe it was the other way around), Verizon is going big on Google (GOOG - Get Report)'s Android and Sprint (S) hooked up with Palm (PALM). So if they want to compete on phones, then they should be making it easier and cheaper for customers to upgrade to the latest, greatest version.