HOUSTON -- If you re the kind of person who always has to have the latest gadgets, a new offering from AT&T could be for you.

The company this week unveiled AT&T Next a program that lets you upgrade your smartphone or tablet once a year without a downpayment or activation charge.

Usually you wait every two years to upgrade, and you still have to pay about $200 plus tax, so this sounds pretty good right?

Along with your regular phone bill, you agree to pay a little extra every month for the phone itself. Essentially, you pay for the phone over time anywhere from $15 to $50 a month, AT&T says. The monthly cost depends on the phone you choose.

T-Mobile recently launched a similar plan called Jump. A company executive says AT&T customers aren t getting a good deal because they aren t getting a discount on their monthly phone bill. Apparently T-Mobile customers pay less because the company doesn t include the extra subsidized phone charges on the monthly plan for its Jump customers.

AT&T says it s still a good deal, especially if you want a new phone every year, and there s no fine print or hidden fees to worry about.

Verizon customers, don't worry, there are rumors out there the company is already working on an annual upgrade plan of its own.

Questions? Comments? Feel free to reach out to Doug on Facebook ( Twitter (@DougDelonyKHOU)

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