Analyst: Carriers are locked into those steep iPhone subsidies
Apple is making bank on wireless carriers' high iPhone subsidies. And although carriers aren't too pleased with the amount they have to pay per subsidized unit sold, there is little chance that they'll abandon their partnerships with Apple anytime soon, according to an analyst.
According to All Things Digital, which obtained the letter to investors, analyst Avi Silver of research firm CLSA believes that Apple has inked multiyear agreements with carriers that prevent companies such as AT&T or Verizon from changing iPhone subsidy pricing anytime soon. More importantly, the analyst believes that Apple has locked the … Read more