
Trump Organization enters phone market with US$499 Trump Mobile device
Donald Trump Jr. additionally announced that Trump Mobile would offer telemedicine and unlimited texting to 100 countries across the world. (AP pic)
NEW YORK : The Trump Organization launched a self-branded mobile service and a US$499 smartphone today, dubbed Trump Mobile, signaling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers.
The new mobile venture will include call centers based in the US and phones made in America, the organization said.
'We are going to be introducing an entire package of products where people can come and they can get telemedicine on their phones for one flat monthly fee, roadside assistance on their cars, unlimited texting to 100 countries around the world,' said the president's eldest son, Donald Trump Jr., announcing the product at Trump Tower in New York.
The Trump family, long known for its real estate empire, luxury hotels, and golf resorts, has in recent years ventured into newer arenas including digital media and cryptocurrency.
The Trump Organization, which is the main holding entity for most of the US president's business ventures, said ahead of Trump's inauguration that control of the company would be handed to his children, replicating the arrangement from his first term, though concerns about potential conflicts of interest remain.
A website that went live after the announcement included details of the new Trump-branded smartphone that will be available from September, and a US$47.45 a month subscription plan to the new network.
DTTM Operations – the entity managing President Trump's trademarks – has filed applications to use his name and the term 'T1' for telecom-related services.
The filings, submitted Thursday to the US Patent and Trademark Office, cover mobile phones, accessories like cases and chargers, wireless telephone services, and possibly even retail stores.
The smartphone industry in the US is among the most saturated and competitive in the world, with leading global players Apple and Samsung dominating the market.
More than 60 million smartphones are purchased annually by American consumers, but nearly all of these devices are manufactured abroad – primarily in China, South Korea, and increasingly in India and Vietnam.
Despite the strength of US-based tech brands, there is no significant domestic smartphone production infrastructure, largely due to high labor costs, supply chain complexity, and reliance on overseas component sourcing.
The US mobile network market is dominated by three national carriers: Verizon, AT&T, and T-Mobile, which together control over 95% of the wireless market. These companies operate massive, capital-intensive infrastructures and offer bundled services to tens of millions of subscribers.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Free Malaysia Today
2 hours ago
- Free Malaysia Today
US stock futures steady with focus on Mideast tensions, Fed meeting
Wall Street indexes shed more than 1% on Friday as oil prices surged 7% after Israel and Iran traded air strikes. (AP pic) NEW YORK : US stock index futures edged higher today as easing oil prices helped calm sentiment despite ongoing attacks between Iran and Israel and increased focus on the upcoming Federal Reserve meeting. Wall Street indexes shed more than 1% on Friday as oil prices surged 7% after Israel and Iran traded air strikes, feeding investor worries that the combat could widely disrupt oil exports from the Middle East. The dangers of further escalation loomed over a meeting of the Group of Seven leaders in Canada, with US President Donald Trump expressing hope yesterday that a deal could be done, but no signs of the fighting abating on the fourth day of war. Crude prices, however, pulled back slightly from January highs, offering some respite to investors worried about a resurgence in inflation. The surge in oil prices comes ahead of the Fed's monetary policy decision on Wednesday, when policymakers are widely expected to keep interest rates unchanged. Investors will focus on Fed Chair Jerome Powell's comments as well as the central bank's updated projections for monetary policy and the economy for clues on potential rate cuts later this year. Money market moves show traders are pricing in about 48 basis points of rate cuts by the end of 2025, with a 55% chance of a 25-bps rate cut in September, according to CME Group's Fedwatch tool. 'We expect the median participant to take on a more stagflationary flavour following April's tariff surprises, despite eased financial conditions from the weaker dollar, with higher inflation and downgraded GDP growth in 2025,' Barclays strategists said in a note. 'The dot plot is likely to show delayed rate cuts, with just one this year and three in 2026,' it said. Key data this week includes monthly retail sales and import prices. By 5.38am, S&P 500 E-minis were up 23.75 points, or 0.4%, Nasdaq 100 E-minis rose 99 points, or 0.46%, and Dow E-minis added 143 points, or 0.34%. Shares of Sarepta Therapeutics plunged 30% in premarket trading after the company disclosed a second case of patient death due to acute liver failure after receiving its gene therapy for a rare form of muscular dystrophy. US Steel rose 5% after Trump approved Nippon Steel's US$14.9 billion bid for the company.


Free Malaysia Today
3 hours ago
- Free Malaysia Today
Oil prices drop, stocks climb as Iran-Israel war fears ease
Wall Street's key indices advanced, with the S&P 500 gaining nearly one percent after staying positive throughout the session. (AP pic) NEW YORK : Stocks rose and oil prices retreated Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day. The dollar dipped against the euro and pound, while safe-haven gold declined slightly. 'As things stand, investors seem less fearful than they were going into the weekend of the possibility that the war between Israel and Iran spreads across the Middle East, and beyond,' said David Morrison, senior market analyst at financial services provider Trade Nation. 'It appears that most of the Israeli airstrikes and missile launches avoided the most significant parts of Iran's energy infrastructure. And so far Iran's retaliation has done relatively little damage,' he added. Wall Street's main stock indices pushed higher, with the broad-based S&P 500 finishing up nearly one percent after spending the entire day in positive territory. In Europe, London, Paris and Frankfurt all closed the day with gains. They tracked gains in Asia, where Tokyo closed up 1.3%, boosted by a weaker yen, while Hong Kong and Shanghai also advanced. Israel's surprise strike against Iranian military and nuclear sites on Friday – killing top commanders and scientists – sent crude prices soaring as much as 13% at one point on fears about supplies from the region. However, concerns over the conflict spreading appeared to have receded, with both main oil contracts declining on Monday. 'Unpleasant as it is to watch two sides trade missiles on a sustained basis, so long as the Straits of Hormuz remain quiescent it is hard to envisage a scenario where Friday's gains can be sustained,' said Chris Beauchamp, chief market analyst at online trading platform IG. Analysts said the recent decision by the Opec+ group of crude producing nations, led by Saudi Arabia and Russia, to raise output again in July also played a role. 'There may need to be a major escalation in the conflict before we get another sharp upswing in oil and gold prices,' said Kathleen Brooks, research director at trading group XTB. Investors were gearing up for monetary policy decisions this week from the US Federal Reserve, Bank of England and Bank of Japan. All are expected to hold steady but traders will be keeping a close watch on their statements for clues on interest-rate outlooks, with US officials under pressure from President Donald Trump to cut borrowing costs. Also in focus is the G7 summit in the Canadian Rockies, which kicked off Sunday, where the Middle East crisis will be discussed along with trade after Trump's tariff blitz. In corporate news, shares in Nippon Steel rose more than three percent in Tokyo after Trump on Friday signed an executive order approving its US$14.9 billion merger with US Steel, bringing an end to the long-running saga. US Steel advanced 5.1%. Shares in Gucci owner Kering climbed almost 12% in Parison reports that the outgoing boss of French automaker Renault would take over as chief executive of the struggling luxury group. Kering announced the appointment after European markets closed. Renault shares slumped 8.7%, following its announcement on Sunday that Luca de Meo would step down in July.


The Star
5 hours ago
- The Star
Looking back on the life and legacy of billionaire cosmetics heir Leonard Lauder
Leonard Lauder, who built Estee Lauder Companies into one of the world's biggest cosmetics makers and catapulted himself into the top echelon of wealthiest New Yorkers, has died. He was 92. Lauder died on June 14 surrounded by family, according to a statement by Estee Lauder. In almost 40 years running the New York-based company founded by his parents, Lauder oversaw the launch or acquisition of such brands as Clinique, Aveda, Mac Cosmetics, Tom Ford Beauty, Bobbi Brown, Jo Malone London and La Mer. He took the company public in 1995, and its share price rose 33% on the first day of trading. One of Lauder's quirkier creations was the notion that lipstick sales can serve as a countercyclical economic indicator, because women turn to inexpensive cosmetics when they can't afford clothing and other bigger-ticket luxuries. When Lauder joined the family company in 1958, annual revenue was about US$800,000 (approximately RM3.4mil), he said. In 2009, the year he stepped down as chairman, it topped US$7.3bil (RM31bil). Lauder's net worth was tied closely to his ownership of more than 80 million shares in the company. He was worth an estimated US$26.2bil (RM111.3bil) in March 2023, according to the Bloomberg Billionaires Index. As of June 2025, following a prolonged slump in the share price, his net worth was an estimated US$15.6bil (RM66.2bil). His younger brother, Ronald Lauder, ran overseas operations before becoming chairman of the company's Clinique Laboratories division in 1994. He was US ambassador to Austria in 1986-1987 and sought the Republican nomination for New York City mayor in 1989, losing to Rudolph Giuliani. Read more: Fashion fabulosity: Sly Stone didn't just change music – he changed style too Separate brands The company sells more than 25 brands of face creams, makeup, perfumes and shampoos in more than 150 countries. One secret to success, Lauder told an audience at the Stanford Graduate School of Business in 2004, was keeping the brands separate from Estee Lauder and in competition with one another, creating a dynamic of what he called "sibling rivalry'. Another key, he told the Wall Street Journal in 2020, was filling top jobs with talented female executives. "I tried to find the people who are smarter than me,' he said. "Most were women.' Elizabeth Hurley, Leonard Lauder (Centre) and Carolyn Murphy attend the Lincoln Center Corporate Fashion Gala in 2019. via AFP Leonard Alan Lauder was born on March 19, 1933, in New York City, the first of two sons of Joseph Lauter and the former Josephine Esther Mentzer. Estee Lauder the company grew out of the early entrepreneurship of Lauder's mother, the daughter of Eastern European Jewish immigrants. Starting in the 1930s, she sold moisturisers and concealers that her uncle, a chemist, had taught her to make. For her business's name, she came up with Estee – a fancy-looking version of Esty, one of her nicknames – and a softened version, Lauder, of her husband's surname, Lauter. 'Vaguely European' "She wanted something that sounded feminine and vaguely European, distinctive but elegant, and easy to pronounce and remember,' Lauder wrote in his 2020 memoir. His parents divorced in 1939, remarried in 1942 and formed their company in 1946. A year later, it got its first major order, from Saks Fifth Avenue for US$800 (RM3,400) worth of product, according to a company history. Lauder earned a bachelor's degree at the Wharton School of the University of Pennsylvania in 1954 and served as a lieutenant in the US Navy before joining Estee Lauder in 1958. He became a driving force behind the company's international expansion, starting with the opening of a counter at Harrods department store in London in 1960. Lauder credited his mother with distinguishing her brand from more deeply rooted competitors – including Elizabeth Arden, Revlon and Helena Rubinstein – by establishing it as a product sold only at the most upscale department stores, such as Saks in New York, Himelhoch's in Detroit and Sakowitz in Houston. Read more: Step into Princess Diana's closet at the biggest auction of her style Succeeded by son "The fewer stores we sell, the more successful we are,' Lauder told The New York Times in 1982. "We roll things out very, very slowly.' He was president of Estee Lauder from 1972 to 1995, chief executive officer from 1982 to 1999, and chairman from 1995 to 2009, when he became chairman emeritus and his son, William, became executive chairman. Lauder served on the board until 2023. An art collector, he donated to New York's Metropolitan Museum of Art his collection of Cubist art, worth more than US$1bil (RM4.25bil). He was chairman emeritus of New York's Whitney Museum of American Art, which named its new home after him. Lauder's extensive philanthropy also included founding, with his brother, the Alzheimer's Drug Discovery Foundation, targeting a disease that had afflicted their famous mother. Lauder had two sons, Gary and William, with his first wife, the former Evelyn Hausner, who died in 2011. She was a co-founder of the Breast Cancer Research Foundation. In 2015, he married the former Judy Glickman, a photographer whose works are in museums around the world. He is survived by his wife, sons, numerous grandchildren and great-grandchildren, as well as his brother Ronald and his family, according to the company's statement. – Bloomberg