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Monday, Jul 22
AT&T (T +0.1%) unveils new low-end shared data plans ahead of tomorrow's Q2 report. The...
AT&T (T +0.1%) unveils new low-end shared data plans ahead of tomorrow's Q2 report. The carrier is now providing 300MB shared plans (inc. unlimited voice/text) that cost feature phone users $50/month, and smartphone users $70/month. Also, AT&T is offering users a $200 discount on unsubsidized iPhone 5 purchases (normally $650-$850). The moves come 11 days after Sprint (S) revamped its pricing to further undercut AT&T/Verizon, and a few days after Verizon (VZ) announced Q2 results that stoked concerns about tougher competition and market saturation. Slowing U.S. smartphone demand (resulting in both lower subsidy costs and fewer feature phone conversions) also has some investors on edge . (AT&T's Q1) (Next plan)