Verizon's record iPhone sales in Q4 have lowered its profit margins, Apple might have moved 35 million in total
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Analysts believed that Verizon's mentioned record 4.2 million iPhones sold yesterday, will be affecting its profit margins for the last quarter in a negative way, and the carrier confirmed that suspicion.
We know that the iPhone is the most heavily susidized phone by carriers, to the tune of $400+ per unit, which brings in Apple's fat profit margins. Therefore it isn't rocket science to conclude that the more iPhones sold for the sake of Androids and others, where Verizon subsidizes less, the bigger the carrier's total expenses, hence smaller profits. »read more
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Filed in: Cell PhonesiPhone 4 Verizon