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Not really. Opening sentence: "Verizon Wireless may end up owing Apple Inc. (AAPL) as much as $14 billion in purchase commitments over time if the mobile carri
by scholia 13y ago
Not really. Opening sentence:
"Verizon Wireless may end up owing Apple Inc. (AAPL) as much as $14 billion in purchase commitments over time if the mobile carrier fails to sell an agreed number of iPhones, a report from Moffett Research LLC said."
Verizon's problem (if true) is that it agreed to pay Apple for more phones than it can sell. In the short term, that's a Verizon problem. Only in the longer term might it be an Apple problem.