No. 1 domestic wireless carrier Verizon Wireless recently announced it was tightening upgrade policies, extending the time frame that consumers have to wait to a full 24 months. Carriers have also been trying to reduce subsidies via platform competition. That's an incremental negative for Apple , since the company still relies heavily on subsidies to boost iPhone prices, but not as bad as if AT&T had made the move (it sells more iPhones).
In the video below, Fool contributor Evan Niu, CFA, explains how this might affect Apple investors.
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The article Don't Plan on Upgrading Your New Verizon iPhone Anytime Soon originally appeared on Fool.com.
Fool contributor Evan Niu, CFA, owns shares of Apple and Verizon Communications. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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