Apple and T-Mobile: Yesterday, we brought you news that Apple Inc. (NASDAQ:AAPL) and T-Mobile will finally be working together. This is big news for both companies, not to mention the fact that it will make millions of consumers happy. If you want more information on this partnership, you can check out this page and this page.
Apple Inc. (NASDAQ:AAPL) may be the smart money’s second favorite publicly traded company but hedge funds have started dumping the Cupertino-based company in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).
Although T-Mobile may only be the fourth largest wireless carrier in the United States, this is nothing to take lightly. Once the company completes its merger with MetroPCS, it will have more than 42 million subscribers.
While most people understand how important this is to Apple Inc. (NASDAQ:AAPL), many are overlooking just how much of an impact it could have on the Cupertino-based company.
Shaw Wu of Sterne Agee, as quoted in a piece by AppleInsider, is one of the people who strongly believe that this is a big deal. Here is what he had to say:
“While T-Mobile USA has lost customers, its core customer base remains loyal to its lower cost and unlimited data plans. We believe this will help Apple capture incremental customers and strengthen its position against (Google’s) Android, which got its start on T-Mobile USA.”
As you can see, Wu believes that this addition will allow Apple to better compete with Android devices.
And remember one last thing: T-Mobile is offering a payment plan to customers who are unable to purchase an iPhone 5 upfront. With $99 down, customers will be able to make 20 additional monthly payments of $20 to own the phone.
It will be interesting to see what this deal means to both Apple Inc. (NASDAQ:AAPL) and T-Mobile when things get started on April 12.
There is a lot of buzz around this partnership. The question remains: will things work out as both companies plan? Share your thoughts on this in the comment section below.
Check back here for more updates on Apple and T-Mobile.
DISCLOSURE: I have no positions in any stock mentioned.
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