On Tuesday morning, reports were released that AT&T Inc. (T
) will be the exclusive carrier of Amazon’s new smartphone.
Amazon will reveal its new smart on Wednesday, June 18. According to reports, AT&T will the exclusive carrier for Amazon’s first smartphone. The deal is expected to attract more customers to AT&T’s service.
Apple (AAPL) and Samsung currently hold the majority share of the smartphone market, but Amazon plans to distinguish its new product. In 2007, AT&T exclusively sold the Apple iPhone giving it an advantage over Verizon (VZ).
AT&T shares were mostly flat during pre-market trading Tuesday. The stock is down 0.51% YTD.
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