CRICKET CAN’T MOVE IPHONES WITHOUT MEATY SUBSIDY, BAD FOR APPLE $AAPL $LEAP $T $S $VZ $GOOG
Since I often take the minority view, I am used to receiving lots of hate mail. Regarding Apple, the hate mail I receive usually spikes when I write that Apple is overly dependent on subsidies from phone carriers or when I write that my research shows Apple is facing headwinds with less affluent consumers. Of course, I also receive some intelligent and insightful emails, but these dwarf the hate mail.
Here is some more hard data to support the thesis that Apple faces challenges on the low-end and that carrier subsidies are its Achilles’ heel. Leap Wireless through its subsidiary Cricket Communications offers prepaid wireless plans. … Please click here or the title below to read more.