Verizon to fall billions short on iPhone contract? | iLounge News

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Verizon to fall billions short on iPhone contract?

Verizon may end up owing Apple billions of dollars in 2013 due to a purchase commitment for iPhones, according to a report. Telecommunications analyst Craig Moffett estimates the carrier could have a shortfall of $12 billion to $14 billion, with Verizon obligated to buy $23.5 billion in iPhones this year; a second analyst concurs with the lower number. Such a shortfall could spark some negotiation between Verizon and Apple on how to fill the gap. Neither Apple nor Verizon commented on the report. Notably, the report suggests that Sprint will likely be able to meet its own commitment to buy $15.5 billion in iPhones during over four years. Sprint started selling the iPhone in 2011. [via Bloomberg]

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Comments

1

Some of the shortfall is completely Verizon’s fault. My son and I went to a Verizon store and told them we were interested in the iPhone. As an alternative the salesman offered a Droid. We looked at it and said we were not interested in Droid and liked the iPhone he had shown us. He repeatedly kept going back to Droid even after we said we would not buy one. He persisted so we left. By the way this was the assistant mgr of the store. He missed 4 sales as we bought 4 iPhones.

Posted by Rick Owen on July 11, 2013 at 6:10 PM (CDT)

2

This is why I don’t shop for phones at a carrier store. They are trained to push android phones as they make more on commission selling them. iPhones generally cost more than 90% of android phones. They know iPhone is superior to most android phones, I would argue all, but they don’t make as much money. The carriers train them this way for the same reason, I buy all my phones from Best Buy. They are also tought to push android phones, but they make the same money no matter what they sell so its not nearly as bad.

Posted by Alex on July 11, 2013 at 6:57 PM (CDT)

3

The Problem with Verizon is these mom and pop stores can never keep the Iphone in stock they might have 1 or 2 a day. Verizon is also treating small business accounts badly. They Assign a Account reps that has no power to do anything. Both Sprint and AT&T will now provide customers micro cells for free, Verizon will not.

Posted by David A Edwards on July 11, 2013 at 11:14 PM (CDT)

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