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Cheaper Mobile Phones Than Ever Coming From AT&T, T-Mobile

The phones don't have the latest and greatest cameras, screens, and chips—so they aren't good for filming 4K videos or connecting to wireless networks at super-fast speeds.

"Value phones are one of the fastest growing segments in our portfolio," Andy Smoak, AT&T's assistant vice president for device product marketing, says.

Since the wireless Carriers eliminated subsidies on smartphone purchases , the rate of customers upgrading have plummeted to record lows this year.

There was a minor boost earlier this year with the release of Samsung's new Galaxy S8 line, but still only about 5% to 7% of customers upgraded in the second quarter at the four major carriers.

"Cost is impacting their decision-making," AT&T (t) CFO John Stephens told analysts about the low upgrade rate on last month's quarterly results call, saying "It's made it their pocketbook decision."

READ MORE (Fortune)

  • T-Mobile is selling a $125 smartphone with a fingerprint sensorBGR
  • T-Mobile's Revvl: Specs, features, pros and cons of T-Mobile's budget phonePCWorld
  • T-Mobile's REVVL phone brings Android Nougat and a fingerprint sensor for $125TechRadar
  • T-Mobile's $125 Revvl is a branded budget phone with a fingerprint sensorThe Verge
  • T-Mobile officially unveils the REVVL; introduces new Smartpicks program9to5Google
  • T-Mobile REVVL leads carrier's low-cost lease phone SmartpicksSlashGear
  • T-Mobile makes the Revvl official, available tomorrow for $
  • T-Mobile Just Launched Its Own Very Cheap PhoneTom's Guide
  • T-Mobile announces Revvl, a rebadged Android smartphone on a budgetTechSpot

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Cheaper Mobile Phones Than Ever Coming From AT&T, T-Mobile


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