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The iPhone Is a Nightmare For Carriers

Posted by Unknown on from the greed-begets-greed dept.

New submitter HungryMonkey writes "According to the latest EBITDA numbers from AT&T, Sprint, and Verizon, the subsidies they have to pay Apple in order to carry the iPhone are drastically reducing their profits. From the Article: '"A logical conclusion is that the iPhone is not good for wireless carriers," says Mike McCormack, an analyst at Nomura Securities. "When we look at the direct and indirect economics that Apple has managed to extract from the carriers, the carrier-level value destruction is quite evident."' So one money sucking leech has attached itself to another money sucking leech?"

2 of 438 comments (clear)

  1. NEARLY 50% MARGIN by Jeremiah+Cornelius · · Score: 4, Funny

    Falls to "ALMOST nearly 50% margin."

    Fuck me gently with a chainsaw, Heather. I fail to weep.

    --
    "Flyin' in just a sweet place,
    Never been known to fail..."
  2. Ran out of worlds smallest violins by ilsaloving · · Score: 4, Funny

    Wow, first the RIAA complaining about unfairness, and now telcos complaining they don't make enough profit.

    I think the store just ran out out of Worlds Smallest(tm) violins!