In a recent note, Piper Jaffray analyst Gene Munster said he estimates AT&T is paying Apple an average of $18/month for each iPhone subscriber, or $432 over the course of a two-year contract. Munster revised his previous estimate of $6.50/month based on iPhone sales and revenue figures disclosed in Apple’s fourth quarter earnings report. Munster explained that he was surprised by the higher estimate, and said that it showed the importance of Apple’s efforts to keep the iPhone out of unlockers’ hands. Apple recently instituted a new iPhone purchase policy, limiting sales to two per person and barring cash sales in an effort to reduce the threat of unlockers. Based on the estimate, Muenster boosted his Apple 2009 revenue estimate to $42.8 billion, and raised his price target on Apple from $220 to $250.
Latest News
- iOS 14.5 to have new Siri voices
- Tim Cook says technology ‘Key’ to easier voting
- Apple 2012 13-inch MacBook Pro placed on ‘Obsolete’ list
- Save $30 on a Belkin 3-in-1 15W MagSafe Charger
- App Tamer for Mac 33% off
- The 2021 Complete Resume Builder Master Class Bundle is 98% Off
- Save Up to 40% on a new official Apple iPhone leather case
- Opera releases M1 Mac native support
- Latest iOS 14.5 beta to have iPhone 11 battery calibration tool
- Artists are reinventing baseball cards using Apple Pencils and iPad Pros