Submission + - Apple makes $831 on each iPhone 3
Ponca City, We Love You writes: "The New York Times reports that Gene Munster, an analyst at Piper Jaffray, has studied Apple's financial statement and come to the conclusion that AT&T appears to be paying Apple $18 a month, on average, for each iPhone activated on its network or up to $432 over a two year contract. This shows how much incentive Apple has to maintain its exclusive deal with AT&T rather than to sell unlocked phones or cut deals with multiple carriers. Last week Apple disclosed that 250,000 iPhones had been purchased but not registered with ATT that Apple thinks are being unlocked so Apple has now taken action to curb unauthorized resellers by limiting sales of the iPhone to two per customer and requiring that purchases must now be made with a credit or debit card — cash will not be accepted. The original story on what was happening to the unlocked phones was discussed on Slashdot."
