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Reuters

Last year the big carriers hammered each other with iPhone 7 pre-order deals and this year too they have started giving each other tough fight over the newly launched iPhone 8, iPhone 8 Plus and iPhone X. However, Sprint just waged a war with its latest deal. Under the terms of Sprint's new offer, anyone can get a free 18-month lease of a 64GB iPhone 8 in exchange for an iPhone 7, iPhone 7 Plus, Galaxy S8, Galaxy S8+, or a brand-new Galaxy Note 8.

Both the new and existing customers, activating a new line, are eligible for the deal. It even includes consumers, who have already pre-ordered an iPhone 8, said Sprint. After 18-months lease ends consumers may return the iPhone 8 or they can pay the standard lease price ($29.17 for the entry-level iPhone 8) for six months and own the device outright. So, basically, you are getting a new iPhone 8 for just $180, which is way lesser than the original price of the phone i.e. $700. Then again, you will have to trade-in a recent model iPhone or Galaxy S8 to get the deal. However, it can still turn out be in your favour, depending on the condition of your phone that you are trading in for the iPhone 8, as used iPhone 7 handsets are selling for $400-$500 on eBay currently.

Apart than getting a new iPhone 8 in a trade-in deal, Sprint has made available other deals too. Consumers can also trade in select older devices, like iPhone 6 or 6s, and get 50% discount on their monthly lease payments.

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As per Sprint, the customers are rushing to these deals, which show the huge demand of the new Apple device.

Rival carriers are all conducting their own promotions for the new iPhones. For example, T-Mobile is now offering $300 off the cost of an iPhone 8 with a trade-in deal; however that has to be over the course of 24 months.

The iPhone 8 will start shipping on and from September 22, the company had confirmed during the launch event. Some upgrades in the new iPhone include an A11 processor, wireless charging, a True Tone display, and improved camera hardware that support augmented reality.