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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