Up to 25% of all Apple iPhones sold in the US are “unlocked” to work with rival telecom networks other than AT&T, according to a study reported in the BBC.
Check out this great story by Peter Burrows and Olga Khariff on The Mystery of the Missing iPhones. Unlocking is having a significant impact on Apple’s revenues and stock price.
About a million iPhones, or 27% of those sold in 2007, have been adapted to work on other networks, according Bernstein Research analyst Toni Sacconaghi. Since Apple receives a percentage of AT&T’s contract fees from iPhone users, this unlocking is a significant hit on Apple’s bottom line.
Sacconaghi estimates that if Apple sells 10 million iPhones in the US by the end of 2008, and 30% of them have been unlocked to work with other phone networks, Apple will lose $500m in revenues.
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