Supply and demand...
Owners of Apple's iPhone may have unlocked an "astounding" 1 million handsets to run on unauthorized wireless networks, depriving the company of lucrative monthly fees, Sanford C. Bernstein & Co. said.
That estimate represents 27 percent of about 3.75 million iPhones sold last year, Toni Sacconaghi, the top-ranked computer analyst by Institutional Investor magazine, said Monday in a note. His previous estimate was 750,000 unlocked phones.
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