Motorola to benefit from price war over Razr
Verizon, Cingular cutting prices for popular handset
Motorola Inc. stands to gain from a price war between the two largest U.S. wireless operators over the popular Razr cellular phone this holiday season.
As Verizon launches the first version of the popular handset tailored to its technology, known as CDMA, arch-rival Cingular has been slashing prices on its models, first introduced a year ago.
Cingular, the nation’s largest cellular carrier, is offering up the Razr to subscribers for as little $99, after a 33% rebate. Verizon responded yesterday with an extra $20 rebate for its new version of the phone, bringing its price to $179.
“I’m sure Cingular did it to take some of the wind out of Verizon’s launch,” says analyst Albert Lin of American Technology Research...
Article courtesy of Chicago Business Journal (click for full article)
