How FreedomPop Is Shaking Up the Smartphone Industry

The video discusses an innovative mobile carrier in the US offering free mobile services by leveraging new business models and internet technologies. The company focuses on selling refurbished iPhones, capitalizing on the narrow gap between older and newer models. The refurbished market dynamics allow the company to offer competitive prices. The business operates on a freemium model, generating revenue through value-added services like additional data and phone numbers. The company is experiencing rapid growth, expanding globally, and forming partnerships with major carriers.

What is the primary strategy of the mobile carrier discussed in the first section?

• Offering free mobile services using new business models

• Providing the latest iPhone models at a discount

• Focusing on high-end luxury mobile services

• Partnering with multiple carriers for better coverage

How does the release of new iPhones affect the refurbished phone market?

• It increases the price of older models

• It has no impact on the refurbished phone market

• It decreases the availability of older models

• It floods the market with trade-ins, reducing costs

What is the main revenue model for the mobile carrier?

• Charging high fees for premium services

• Selling refurbished phones at a high margin

• Offering a freemium model with value-added services

• Relying solely on advertising revenue

Which of the following is NOT a value-added service offered by the mobile carrier?

• Additional data packages

• Second phone numbers

• Free international calls

• Online security services

What is the growth rate of the mobile carrier's user base?

• 10% growth every quarter

• 22% growth every quarter

• Doubling every quarter

• Stable with no significant growth