This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Verizon, AT&T Will Never Take Away Your 'Cheap' Apple iPhone

Speaking of shared data, Verizon allows up to 10 devices on one plan. Alongside the impressive statistic that 30% of smartphone customers are new to Verizon, the CFO claimed that, within six months, these customers nearly double the number of devices they associate with one plan. That's cash in the bank for Verizon simply because of the associated monthly device charges and data use fees.

As a Verizon customer, I can vouch for this. I will bare my soul for this job so, here, take a look at my actual Verizon Wireless bill:

First, LTE rocks, at least here in Southern California. I consume exponentially more data now that I'm on Verizon's network than I ever did on the wholly unreliable AT&T (T - Get Report) tin can and string system. But it's a locational thing; your mileage may vary.

Second, the notion of adding a device. So true. I switched to VZ from T when I bought two iPhone 5 smartphones, one for me and one for my wife. $199 a pop. Wow! What a bargain!! Bull.

We pay $50 a month for 1GB of data. I won't even mention the monthly charge for having a smartphone. Our monthly bill comes to somewhere around $150. We're locked into a two-year contract. We are thinking of adding a device -- maybe an older iPhone -- for our child. That will ratchet up our monthly bill automatically and, quite possibly, cause us to up our data allocation.

That's how it rolls.

Do your homework. Listen to Verizon's call. I linked to it at the beginning of this article. Pay attention to the way they talked about smartphone subsidies in relation to device uptake and data consumption. Seemed to be pretty happy with the situation to me. Plus, Verizon referred to it as just one part of the company's overall cost structure.

There's hardly a story here. Apple has -- seemingly -- pushed around wireless carriers for years. Don't let negative AAPL sentiment from Wall Street cloud your vision. Apple did not go and will not go from (cough, cough) fleecing companies like Verizon (they're not being fleeced!) to becoming a chew toy overnight. Not going to happen.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $125.42 1.80%
T $32.98 0.72%
VZ $49.13 1.20%
FB $82.77 -0.64%
GOOG $551.66 0.61%

Markets

DOW 17,989.19 +276.53 1.56%
S&P 500 2,084.53 +23.51 1.14%
NASDAQ 4,936.9260 +45.7070 0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs