Smartphones have reached an all time high in America with a nearly 75 percent adoption rate, and with that figure on the rise, AT&T realizes that changes will be necessary in the near future. CEO Randall Stephenson recently took the podium at an investor conference and said that big carriers must look to change the current models because they simply "can't afford to subsidize devices."
CNET reports that AT&T is looking to restructure itself for a more balanced approach to payment methods. The carrier was among the first to drop unlimited data plans and to offer shared data buckets. Most recently, AT&T introduced a new payment option designed to save users $15 a month on their phone bill.
Getting subscribers to break the habit of updating their phones every 18 month to two years would be the biggest hurdle, Stephenson claimed.
"If you are a customer and you don't need to upgrade your device, you can get unlimited talk and text and access to the data network for $45 all-in," he said in his speech. "You can use your own device or finance it. I think this will be very powerful. It's where we see the market going."
The discounts are expected to take a portion out of AT&T's profits, but Stephenson predicts that this focus on financing will be good for the industry in the long run.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Keep your dirty clothes seperate with the best laundry baskets.
Keeping ahead of the piles of laundry is every adult's trial and tribulation. Make it a little easier with our favorite laundry baskets.