Ever since Verizon announced the release of their iPhone 4 there have been many remarkable changes in the cell phone industry. Today, Verizon made another game changing decision. As of April 17, Verizon users will no longer have the option of a one year contract.

Customers who opted for the one-year contract were still able to purchase new equipment at a discount, albeit a lesser discount than the subsidized two-year agreements.

Another widely discussed objective about the new plan is that there will be a monthly plan for $50.00 which includes unlimited texting and minutes. Data will not be included in the package, but will be (reportedly) $30.00 per month for an unlimited plan.