Tag Archives: Fran Shammo

Carriers Plan Cutbacks on Smartphone Subsidies

iPhone

Next time you buy a smartphone, you may be unpleasantly surprised by the price. Verizon and Sprint both announced recently that they intend to reduce the subsidies they offer for phones when subscribers sign two-year contracts, for instance, cutting the price of the iPhone to less than $200. Though popular with consumers, those subsidized phones cut into the carriers’ profits and aren’t making them any friends on Wall Street. READ MORE »