Carl, do you mind indicating where you got the following financial information: "that amounted to $10 per iPhone per month, or about $240 over the 2-year contract" and "presumably paying Apple about the same amount on the day of purchase". $600 million per year means that AT&T only expects to sell 2.5 million iphones per year. This estimate just doesn't make sense considering they sold more phones during the first year at double the price.
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