No, that's not the slope of a mountain, but Apple's stock chart over the last month.
Might as well be a mountain, though.
My colleague Larry Dignan notices a research note from Piper Jaffray analyst Gene Munster that AT&T is paying $3 a month per every iPhone customer already with AT&T and $11 per month for every new subscriber.
Larry projects out that this deal adds 2 cents a share to Apple earnings this calendar year, 15 cents a share in 2008, and 58 cents a share in 2009.In Munster's research note sent out this morning, he writes:
We believe the monthly revenue sharing involves $3 per month for service and data fees related to all iPhone users, and AT&T gives Apple an additional $8 per month for iPhone customers who transfer service to AT&T in order to use the iPhone.
Over millions of users, that's cash. Big time cash to Cupertino.
But just a lame joke before I go, to whom it may concern:
Do you think Gene Munster heard any "Munster" jokes as a kid?