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The Pain Of Unlocked iPhones

It was bound to happen. Amidst all the fun of unlocking iPhones, for reasons such as not waiting for Apple to find a local carrier or not wanting to go with AT&T, someone was going to get hurt. That someone, or in this case something, is a company called Synchronoss. It's the one who handles the activation of the official units and directly profits from the process.

We cannot share the specifics due to NDA obligations, but the gap between the number of iPhones expected to be sold and the actual number that we are activating continues to be significant, and we expect this trend to continue. As a reminder, Synchronoss is not paid on the number of iPhones that are sold, but rather the number that we activate.

The company announced that it expects a $30 million decline in revenue this year. In 2007, it made $124 million, so the losses amount to a full quarter of its expected earnings.

Source: Silicon Alley Insider

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