You've a huge misunderstanding of iPhone profits. Reread the WSJ article you cite. Apple's gross profits per iPhone (telecom subsidy included)are estimated to be $400+ (not your $27).
"On a per phone basis, Wu estimated that Apple gets about $600 a phone..." from your WSJ source.
PS - You also messed, up big, time in points 1, 4, 6, 7, 9, and 10, but I won't get into those.
PPS - Turning lemons to lemonade, consider going long aapl (as I am).
10 Reasons Not to Buy Apple [View article]
You've a huge misunderstanding of iPhone profits. Reread the WSJ article you cite. Apple's gross profits per iPhone (telecom subsidy included)are estimated to be $400+ (not your $27).
"On a per phone basis, Wu estimated that Apple gets about $600 a phone..." from your WSJ source.
PS - You also messed, up big, time in points 1, 4, 6, 7, 9, and 10, but I won't get into those.
PPS - Turning lemons to lemonade, consider going long aapl (as I am).