Company Of The Day: AT&T

+34.39%
Upside
20.99
Market
28.21
Trefis
T: AT&T logo
T
AT&T

What?

AT&T (NYSE:T) is offering among the most attractive discounts on the just-launched iPhone 13 series. For instance, the carrier will offer the iPhone 13 Pro for free to new and existing subscribers under certain conditions, a deal that’s worth as much as $1,000.

Why?

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AT&T is in the process of shedding its media assets, refocusing on its core wireless and telecom businesses. The launch of new versions of Apple’s iconic smartphones should give the company a good opportunity to drive subscriber growth and lock in existing subscribers.

So What?

While the deal will have an impact on the carrier’s average revenues per user, it could have a positive overall impact on AT&T’s revenue and bottom line, if subscriber growth improves.

See Our Complete Analysis For AT&T 

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