Apple Lost Up to $400 Million in Revenues from Unlocked IPhones

Analysts believe more than 1 million devices may have been sold and unlocked, accounting for as much as one-quarter of the company's total iPhone sales to date -- a number one analyst called "astounding." The Dow Jones reports.

"Toni Sacconaghi of Bernstein Research said in a report Monday that unlocking could help Apple reach its goal of selling 10 million units this year. However, he added that unlocked phones hurt the performance of the company's iPhone business, since they generate no recurring carrier payments.

For every 1 million iPhone units unlocked, Apple forgoes $300 million to $400 million in future revenue and profit, Sacconaghi wrote in his report."

emily | 11:15 AM | Random Stats |
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