Analyst: Verizon on the hook to Apple for iPhone purchase commitments

According to analyst Craig Moffett of Moffett Research LLC, Verizon Wireless is on the hook with phone manufacturers for $45 billion in purchase commitments; the bulk of that amount is related to agreements made by the nation's largest mobile carrier to purchase the Apple iPhone, which Verizon started carrying in 2010 with the Apple iPhone 4...



via PhoneArena - News http://www.phonearena.com/news/Analyst-Verizon-on-the-hook-to-Apple-for-iPhone-purchase-commitments_id45237
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