|20 to 30 Million Unlocked iPhones On the Market|
Unlocking is the process of using software to modify the iPhone to work with other GSM carriers if purchased from AT&T or CDMA carriers if you purchased a Verizon phone. With such a huge number of used phones on the market, will Apple be able to continue its carrier subsidy model for phones on 3G. It may take the iPhone 5 on LTE to revive the demand for the phone and thus one of the reasons Apple (AAPL) stock has been lagging lately we think.
|New iPhone Sales Per Quarter|