Verizon and Apple Announce "5G Fleet Swap" to Promote Upgrade to iPhone 12
Verizon (NYSE: VZ) and Apple (NASDAQ: AAPL) recently announced a new program aimed at encouraging mass adoption of 5G and phones that can connect to it -- specifically, Verizon's recently debuted nationwide 5G network and the 5G-ready iPhone 12. If you're at all interested in investing in 5G, and Verizon's and Apple's fates in the 5G race, in particular, the new program could be a big deal.
The new program, dubbed "5G Fleet Swap," is aimed at large organizations that utilize a mobile network in their operations. The specifics are pretty simple: For enterprises that operate a "fleet" of employee smartphones, a no-cost upfront trade-in on all the phones for brand new iPhone 12s is now available. The offer is valid for those companies moving over from another network carrier, as well as existing Verizon customers.
Image source: Getty Images.
Source Fool.com
