After almost a year of its launch,
) is launching Samsung Galaxy SIII mini smartphone for just under
a dollar. Priced at 99 cents with a two-year contract, the
smartphone brings a high featured phone at a pocket friendly
Galaxy SIII mini is the smaller version of Samsung's previous
flagship smartphone Samsung SIII and runs on
) Android 4.2 operating system. It features a 4-inch super AMOLED
display and houses a 1.2 GHz dual-core processor,1 GB RAM along
with a 5 megapixel camera.
Additionally, SIII mini holds all the popular Galaxy features
such as S Beam, S Voice, Group Play and Smart Stay and supports
4G LTE (long-term evolution). The phone will be available from
Sep 27, 2013, and pre-orders have already started.
AT&T customers can chose from several voice and data plans
and will need to pay an upfront activation fee of $36. For a
smartphone, which is retailed with a prices tag of $284,
AT&T's offer seems quite attractive. The low budget phone
will be attractive to customers who want a high performance
Android smartphone at cheaper price.
Notably, AT&T has the fastest and most reliable 4G LTE
network and according to independent third party research data,
the premier U.S. carrier has the highest success rate of
delivering content across its super-fast network.
AT&T continues with its 4G LTE network expansion and is
now available in 400 markets, remaining second to archrival
Verizon Communications Inc.
). AT&T is now primarily focused on adding devices that
mostly support 4G LTE to its equipment portfolio. We believe the
new Android offering will improve smartphone upgrade along with
However, the recent launch of
) iPhone 5S is expected to provide tough competition to other
smartphone developers. Furthermore, the launch of 5C - the
economical iPhone version - could be the primary deterrent to
Samsung SIII mini sales.
AT&T carries a Zacks Rank #3 (Hold).
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