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Verizon may owe Apple $14 billion for not meeting iPhone sales goal

By Shawn Knight · 6 replies
Jul 12, 2013
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  1. An oversaturated market could spell big trouble for the nation’s largest wireless provider this year. While looking through an obscure securities filing, two analysts have come to the conclusion that Verizon will fall well short of estimated sales they promised...

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  2. amstech

    amstech TS Evangelist Posts: 1,588   +788

    Betting on expansion/hints of success is the destroyer of so many companies and long term business transactions. How many companies need to get slapped across the face before they realize there is only so much profit to be had?
    hammer2085 and MilwaukeeMike like this.
  3. Cycloid Torus

    Cycloid Torus TS Evangelist Posts: 2,234   +422

    Good catch by the analysts. Nice to know there are folks who can still read the small print.
  4. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 7,446   +2,591

    It's not Verizon's fault nobody wants an Apple phone but they should've been careful when dealing with Apple especially before signing their contract which invariably requires the use of a scanning electron microscope for reading the fine print.
  5. RzmmDX

    RzmmDX TS Guru Posts: 313   +67

    So, is this like buying options and betting that the stock price would be dropping?

    That is a sound business strategy alright...
  6. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,805   +1,154

    True, and why does it seem so hard for companies to understand that there are only a finite number of people who are going to buy new iPhones... or PCs.. or whatever. Yeah PC sales are down because there are fewer people who need to upgrade or buy new. Iphone sales are down because there are fewer new customers and fewer need to upgrade. Even the Galaxy S4 didn't sell as well as they'd thought.

    It's almost like they think of tech like movie sequels.... 'Hey the last one was great, let's make another' Except all those millions who bought a Galaxy S3 aren't going to buy an S4, like they're going to rush out to see Despicable Me 2 or Monsters U. Same thing with the 4S and iphone 5. This should be doubly obvious in the smartphone market where people sign 2 year contracts.

    On a different note... I like the iPhone evolution photo. Shows how much they've changed, and how much they haven't changed.
    Geforcepat likes this.
  7. drjekel_mrhyde

    drjekel_mrhyde TS Rookie Posts: 101   +7

    Is that picture true to scale?
    /Non iPhone user

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