AT&T Inc. (T) Mobile CEO Ralph de la Vega Says Bigger iPhones Will Succeed


AT&T Inc. (NYSE:T)’s Mobile Chief Executive Officer Ralph de la Vega predicts in a discussion with CNBC’s Jon Fortt that the larger Apple Inc. (NASDAQ:AAPL) iPhones will succeed in the market.

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The comment from the AT&T Inc. (NYSE:T) Mobile CEO comes after Apple Inc. (NASDAQ:AAPL) unveiled two versions of its latest iPhone yesterday. The Cupertino, California-based consumer electronics giant unveiled the iPhone 6 with a 4.7-inch screen and the iPhone 6 Plus with a 5.5-inch screen.

“I think Apple is going to play very well in this space because consumers want video today. Everything is being driven by video and that requires a larger format so I think these phones are coming in at the right time. They’re a great design and when I used them, I think the thing that really came through Jon is the great quality of the video you are going to see on them,” de la Vega explained.

Furthermore, he added that he thinks AT&T Inc. (NYSE:T) customers are going to be “delighted” with the new Apple iPhones.

In terms of wearables, Fortt mentioned that AT&T Inc. (NYSE:T) Mobility President and Chief Executive Officer Glenn Lurie mentioned that the perfect smartwatch is a standalone smartwatch that does not need another device like a smartphone to work.

According to de la Vega, his company would love to work with Apple in order to tie in many as features into the Apple Watch as they possibly can. This has the potential to be a key device for “Digital Life,” de la Vega said. “Digital Life” is the company’s connected home platform.

Meanwhile, in terms of connected cars, de la Vega said that new devices like the new iPhones and Apple Watch present the opportunity to people to connect not only their homes but other properties such as their vehicles. He added that the company is continuing to expand their offering in technology for connected cars.

Adage Capital Management managed by Phill Gross and Robert Atchinson is an AT&T Inc. (NYSE:T) investor. The hedge fund reported about 5.54 million shares in the company by the end of the second quarter of the year.

Disclosure: None

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