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Ok. I see what some of you are saying.
An example: (I will just throw some numbers into it to make a point.)
A company spends 50 Billion dollars operating.
Gets back 50 Billion dollars plus $1.
A pretty terrible margin, but yes they didn't lose money overall.
If that is your point, you are exactly right.
Now I ask a question. Why did Verizon's margin decrease so much?
Why did AT&Ts?
Did it have something to do with the large subsidies for the iPhones? Something to do with the customers continually upgrading so that they got more subsidies?
Was it in part because Verizon "lost money" on its iPhone business?
I think the answer is yes, for that is what the article implies.
That is what the financial boys said.
Or was it just "karma?"
That bad karma can be a real *****!
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