Apple (APPL) has re-negotiated their deal with AT&T (ATT) and has given up getting a piece of the action on the data service in exchange for AT&T buying down the price on the device. Many analysts don't understand that Apple can still be charging AT&T ful price for the iPhone now that AT&T doesn't have to pay them a percentage of the data plan. The early thinking was that Appple would make less money but in actuality they will do just fine.
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