- Apr 12, 2001
TheStreet claims to have financial details about the widely rumored revenue sharing between Apple and AT&T. AT&T has been rumored to give Apple a piece of the iPhone's monthly revenue as part of the agreement. This revenue sharing demand was listed as one of the reasons Verizon rejected the iPhone.
TheStreet claims that according to "people close to the companies", Apple receives between a $150-$200 bounty per iPhone plus $9 a month over the life of the 2 year contract.
This figure is significantly higher than analyst guesses previously published.
TheStreet's track record with Apple rumors has been remarkably poor, with previous claims including:
- AT&T/Cingular to Give Away 18 Months of iPhone Service
- Steve Jobs to Take a Leave of Absence
Neither of which have come true.