LINE

Text:AAAPrint
Economy

Apple to finance iPhone sales without requirement on particular carrier

1
2015-09-11 14:19Xinhuanet Editor: Gu Liping

Apple Inc. announced lately it will for the first time finance iPhone sales directly to customers without requiring them to be tied to any particular carrier.

This decision is considered to accelerate price competition and step up margin pressure at the American wireless carriers.

The offer, revealed along with a new line of products, marks a sharp turn in the relationship between Apple, which needs to sell tens of millions of new phones each year, and such wireless giants as AT&T Inc., and Verizon Communications Inc., which rely on the iPhone to attract customers to their cellular plans in the highly competitive U.S. market.

Apple will offer a monthly fee of 32.41 U.S. dollars over 24 months for its cheapest iPhone model under the new program announced at the latest iPhone launch.

The deal allows customers to get a new device each year, as well as select their carrier with each upgrade, according to the Apple website.

(Agencies)

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.