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Benzinga
Benzinga
Business
Wayne Duggan

That iPhone May Not Cost You $1,000: A 'Sticky Ecosystem' Is A Boon For Cell Phone Carriers

Apple Inc. (NASDAQ:AAPL) recently released its latest iPhone 14 models and Bank of America analyst Wamsi Mohan said Wednesday that carrier promotions are making the devices more affordable than shoppers may expect in the inflationary environment.

Trade-Ins Bullish For Apple: Mohan said major carriers are bundling iPhone financing with telecom services, as well as spreading out the cost of a new iPhone over 24 or even 36 monthly payments.

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