Piper Jaffray analyst Gene Munster believes Apple is taking $18 per month for each iPhone subscriber under its deal with AT&T. Apple has confirmed it reached a revenue deal with AT&T, but never revealed what it is. Munster -- who once thought Apple was receiving $3 per subscriber has changed his mind based on information gleaned from Apple's most recent financial report. Apple's accounts describe $118 million in iPhone and iPhone-related revenue during the quarter. Apple previously confirmed plans to account for iPhone (and Apple TV) sales across a two-year period. Munster took the 1.4 million iPhones Apple's sold so far, took away the 250,000 units Apple said it believes were bought to unlock from AT&T's network, and calculates that 1.15 million revenue-generating iPhones contributed to Apple's quarter. If Munster's estimates are correct, AT&T will pay Apple $432 per iPhone subscriber across the two-year life of the contract. Like I say... Steve Jobs is a genius!
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A genius and a God!
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iGod or iFake? Check out a video interview with fake Steve Jobs on today's Wallstrip: http://www.wallstrip.com
Posted by: Sean | October 26, 2007 9:11 AM | Permalink to Comment