Executives at AT&T also admitted that the outbreak could continue to weigh on HBOMAX Subscriptions, Wireline, and smartphone upgrades later in the year, even after stores reopen, due to the economic pressures that many consumers are facing.
Most companies “Our Service is indispensable, but the choice to possibly get that next product upgrade or new deployment maybe defer it, given it’s an outlay in corporations that is trying to make some decisions on capital reinvestment income, is likely to have a downward bias on it,” Stankey said. There might be “a little bit of suppression” on smartphone sales in the back end of the year, in his view