NY Post: “Verizon Communications’ wireless unit yesterday missed Wall Street’s fourth-quarter profit estimates in large part because of the hefty cost of subsidizing iPhone sales — Verizon sold a record 6.2 million iPhones in the period, double what it did in the previous quarter. Verizon pays Apple about $650 per iPhone 5, sells it to the public for roughly $200 and eats the difference as a subsidy — hoping to get customers into pricey data plans that will quickly recoup the $450 subsidy. It has largely succeeded in that effort. Yesterday it reported that its average bill had risen 6.6 percent over last year, to $146.80.”
The Verizon CFO complained about Apple’s dominance.
Earlier this year we defined Google’s anti-competitive practices, compared their billions in advertising profits to the competition’s billions in losses, and talked about their efforts to prevent the other top two competitors from combining.
What is Verizon’s goal?
.
Related:
NY Post- Aw, poor Verizon: Fights iPhone subsidy by raising cell bills 6.6%
.
Follow
.
Posted on January 23, 2013
0