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T-Mobile raises price on iPhone 5 by $50

First, T-Mobile didn't even offer the iPhone. Then, last month, it started offering the phone for $100--and it sold half-a-million phones in three weeks. But now, the carrier has boosted the upfront price on that iPhone 5 to $150.

As first reported by TmoNews, an unofficial T-Mobile blog, the $100 iPhone 5 price tag lasted just about one month. Now, the total cost for an iPhone 5 from the carrier is $630 (after making monthly $20 payments on the phone for two years), up from $580.

To put T-Mobile's price hike in context, other major carriers charge $199 for the 16GB iPhone, and require two-year contracts. T-Mobile, which bills itself as an "un-carrier," only requires a two-year commitment for the $20 phone fee; its cellular plans no longer require contracts.

The price tag on the 32GB and 64GB iPhone 5 models also increased by $50 apiece.

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