In order to expand its smartphone portfolio, AT&T Inc. (T) – one of the leading carriers in the U.S. – plans to introduce the new Nokia Corporation’s (NOK) Lumia 925 smartphone. Priced at $99.99, the handset is expected to hit the AT&T stores by Sep 13, 2013 with a two-year contract. In fact, presales are expected to begin from today.
Nokia Lumia 925 is based on the Windows 8 platform and has a 4.5 inch AMOLED WXGA touchscreen. It also features an 8.7 MP PureView camera supporting HD video recordings and optical image stabilization. The device is powered with Qualcomm Inc.’s (QCOM) 1.5 GHz dual-core Snapdragon processor and well supported with 16 GB internal memory.
Under AT&T’s Next plan, the subscribers have to pay $21 per month to get Lumia 925. After T-Mobile US, Inc. (TMUS), AT&T will launch a slimmer version of the Lumia flagship phone. However, AT&T will be selling an exclusive black colored Lumia 925 unlike T-Mobile US’ silver and white handsets.
AT&T was the first carrier in the country to launch Nokia’s first LTE-based Window smartphone, Nokia Lumia 900. Thus, with Lumia 925, AT&T will have all Lumia flagship phones in its portfolio.
AT&T continues to support its 4GLTE deployment plan with an extended 4GLTE handset line-up. Hence, we believe that the availability of such strong popular 4GLTE-based smartphones will continue to expand the subscriber base of the company. Moreover, such a high-end smartphone line-up with a two-year service contract will accelerate service revenues, going forward.
Currently, AT&T Inc. has a Zacks Rank #3 (Hold).
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