Eugene David
...The One-Minute Pundit

Monday, January 28, 2008


Unlocked iPhones generate 50 percent less revenue and as much as 75 percent less profit than those tethered to service contracts, Sacconaghi said. If 30 percent of the 10 million iPhones Chief Executive Officer Steve Jobs plans to sell this year are unlocked, Apple's earnings may be lower by about 37 cents a share in each of the next two years, Sacconaghi said.

TRANSLATION: Geeks do not like being dictated to, even by the Lord God Steve.

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