Apple Expands Addressable Market For iPhone With T-Mobile Deal

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T-Mobile will begin selling the Apple
AAPL
iPhone 5, 4S and 4 on April 12. This will expand Apple's addressable market by 26.1 million subscribers, and by an additional 8.9 million following T-Mobile's acquisition of MetroPCS
PCS
. T-Mobile's new smartphone financing plan may resonate well with price-conscious customers given low upfront costs. An iPhone 5 at T-Mobile will be $99, for example, vs. $199 at Verizon, AT&T and Sprint.
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