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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Apple : Verizon sweetens subsidies on iPhones to match competition

09/17/2021 | 02:17pm EDT

Sept 17 (Reuters) - Verizon Communications said on Friday it is increasing its subsidies on offer for Apple Inc's newly launched iPhone 13, in a bid to attract more customers to the U.S. carrier's network.

Verizon said it would now offer trade-in subsidies of up to $1000, matching rival AT&T Inc, from $700 previously. The biggest subsidies will be given to customers who turn in the iPhone 11 and iPhone 12 models.

Apple's new range of iPhones come at an unchanged price, but carriers are using aggressive subsidies as a way to hold on to existing customers and attract new ones.

The phones will also have custom 5G antennas and radio components for faster speeds. This push towards expanding 5G connectivity comes as telecom firms in the United States race to bolster their 5G infrastructure.

The iPhone 13, starting at $699, promises better display, longer battery life and a Cinematic mode for automatically changing focus while taking videos. It will come with a new A15 Bionic chip that enables features like automatically translating text. All models will be available from Sept. 24.

(Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.34% 149.26 Delayed Quote.12.49%
T-MOBILE US 2.85% 121.94 Delayed Quote.-9.57%
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More news
Analyst Recommendations on APPLE INC.
More recommendations
Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 830 M - -
Net cash 2021 78 438 M - -
P/E ratio 2021 26,8x
Yield 2021 0,58%
Capitalization 2 467 B 2 467 B -
EV / Sales 2021 6,52x
EV / Sales 2022 6,31x
Nbr of Employees 147 000
Free-Float 99,0%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 149,26 $
Average target price 166,53 $
Spread / Average Target 11,6%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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