Silicon Alley Insider reported that Mr. Munster arrived at his new estimates based on Appleis quarterly conference call with analysts on Monday. He took the $118 million in revenue recorded by Apple during the September quarter and the approximately 1.15 million iPhones that have been activated through AT&T since the end of the July quarter to reach his figure.
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The Insider also noted that Citibank analyst Richard Gardner looked at the same numbers and arrived at a figure of $12 per month per iPhone. If his numbers are correct, that would represent $288 over the course of a 24-month contract.
Apple has acknowledged that there is a revenue sharing agreement in place with AT&T, but has not revealed the terms of that agreement, hence the close scrutiny from analysts.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article. ?
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