As per reports, Apple Inc (AAPL) and Verizon Communications (VZ) to launch a “Fleet Swap” program in which Verizon will subsidize the replacement of corporate customers’ entire fleet of smartphones with any of Apple’s iPhone 12 models (first family of phones with 5G networking capabilities) with “zero upfront cost, with zero to a low cost per month.”The “Fleet Swap” program will be used to replace corporate-owned devices from Verizon or any other carriers. The financial details of the program were not disclosed.
5G networks come in different categories, including millimeter-wave that can be used to provide coverage inside buildings that are difficult to reach or address with other technologies such as WiFi. The newer 5G technology is also equipped for private networks for businesses. Verizon Business, the corporate-focused arm of Verizon leading the program is expecting to sell services to businesses for new applications, like factory floors outfitted with sensor-equipped machinery generating data to better track production operations.
To learn more about Verizon Communications, Inc. (VZ) & Apple (AAPL), and to continue to track their progress please visit the Vista Partners Verizon Communications Inc. Coverage Page and Vista Partners Apple (AAPL), Coverage Page. respectively.
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