Analyst: here's how much AT&T is paying Apple per iPhone sub

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.

applestock.jpg

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?

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