We’ve known for a while that carriers have been itching for a chance to ditch smartphone subsidies, but Verizon CFO Fran Shammo now expects that smartphone subsidies will decrease naturally over the next two to three years with no added cost to consumers. FierceWireless reports that Shammo on Monday told the the Deutsche Bank 2013 Media, Internet & Telecom Conference that emerging smartphone platforms such as Windows Phone and BlackBerry 10 will lead to increased competition in the market and bring lower priced phones, which will in turn lead to reduced subsidy costs for carriers. “I’m a believer that over the next two to three years subsidies will start to decrease just because of the ecosystems,” he said. Shammo added that when Verizon moves to Voice over LTE technology later this year, the company will begin to offer phones without CDMA chipsets, which should also reduce the overall costs of devices.
Verizon: Increased Smartphone Competition Will Lead to Lower Prices
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).