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T-Mobile Germany was ordered in a court injunction to sell iPhones without a contract. Today it announced it would sell the iPhone no-strings-attached for €999 ($1,477) — significantly higher than its normal €399 ($590). In addition to selling without a contract — which, incidentally, AT&T will let you do, but only if you have bad credit — the injunction also orders T-Mobile to sell an unlocked version of the phone. The company has announced that any customer who asks can have the SIM lock removed. But what a price jump! Our analysis after the jump.

A €600 premium for no contract? That's significantly higher than the $432 over 2 years estimate that is AT&T's revenue share to Apple. Somehow we doubt many Germans will be buying the no-contract phone at this price. The move is more a poke in the eye at the court and plaintiff Vodafone than an actual sales move. Of course, there's the possibility that people will buy them anyway. If that's true, I can has upfront payment?

(Photo by AP/Paul Sakuma)