A new report by the Yankee Group focuses on the subsidies wireless carriers pay to device manufacturers.
In particular, as C|Net found, despite the fact that AT&T's bottom line has been heavily boosted by the iPhone, it takes a long time for the company to make back it's money from the bandwidth-sucking Apple device.
Apple's iPhone takes big bites out of wireless...
AT&T, Sprint and Verizon, which pay hefty subsidies on the iPhones their customers buy, have seen their earnings and stock prices drop since they began offering the Apple handsets.
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