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Trump Organization enters mobile phone business

Trump Organization enters mobile phone business

Summary

The Trump Organization is launching a new mobile phone service named after Donald Trump. They plan to sell a gold-colored smartphone made in America, priced at $499, with a monthly service fee of $47.45. The venture brings up questions about potential ethics issues since the Trump family business could profit from Trump's political role.

Key Facts

  • The Trump Organization is introducing a Trump-branded phone service.
  • The smartphone will cost $499 and have a monthly service fee of $47.45.
  • The service includes "discounted" international calls for military families.
  • The announcement did not reveal the business partner involved.
  • Concerns about potential conflicts of interest have been raised.
  • The Trump family business is run by Trump's sons and has been placed in a trust.
  • Trump's recent financial reports show he earned over $600 million last year.
  • The US mobile phone market is mainly controlled by AT&T, Verizon, and T-Mobile.
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