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Am I missing something ? I don't see what it is these folks do that would be affected by unlocked iPhones.

BTW .. First Post !!!!!

May 07, 08 - 07:51 am Comment from: Cubert

@Scott in Japan,
They are involved (somehow) in the activation process through AT&T;. If more phones are off AT&T;'s network, less revenue for them. I bet Apple going with other carriers in other countries is a big part of it, too.

May 07, 08 - 07:53 am Comment from: jcw3rd

Scott, didn't you see the line that said "The company provides AT&T;with transaction management services, including the registration of new Apple iPhone users."

Unlocked phones don't need registration via AT&T;, thus less business for Snychronoss.

Nor do iPhones on non-ATT networks. One trick pony.

@jcw3rd

"Unlocked phones don't need registration via AT&T;, thus less business for Snychronoss."

Yes but, most wouldn't be potential AT&T;customers anyway. Especially the ones going abroad.

May 07, 08 - 08:35 am Comment from: Lokiz

Since AT&T;wireless only seems to be US based with exception to San Juan, and does not seem to expect to sell in Canada, Mexico, and other countries, what does it matter who has unlocked phones or is selling them in other countries?

They would have never expected to do registrations for other iPhones sold in countries where AT&T;is not a local wireless provider

May 07, 08 - 08:44 am Comment from: Buster

@Scott....no fair, you are up the day before us.

May 07, 08 - 08:58 am Comment from: DLMeyer

I'm with Scott ... I'm missing something. If this company has "lost business" based on the fact that so many iPhones are not being activated in the expected manner, where was it's stock before it took on that business? OK, sure, I could look it up. Were I that curious. These guys run a sweat shop, yes? Where a bunch of minimum-wage peons who a) claim they can speak English and b) claim they can read a 'menu' walk middle-class native-speakers through activating their iPhones. My sympathies for the peons, to h3ll with the company.
Or.
Did I miss something?

May 07, 08 - 09:11 am Comment from: Predrag

Here's my take. These guys have built their (and Wall Street's) expectations for their profits on Apple's estimates regarding the total number of iPhones sold. They essentially took that number (10 million) and equated it with total activations. Apparently, their service gets commission on each iPhone activation. For Apple, unlockers are "a good problem to have" (to quote Phil Schiller). For these guys, much like for AT&T;, they are seen as lost business. Apple's projections (10 million) did include some unlocking, although they didn't expect as many. In a way, Apple's projections for legitimate, AT&T;-activated devices were higher than expected. This didn't make significant difference for Apple's bottom line, but obviously did so for this company.

I suppose next time, they'll have to look much more carefully into Apple's projections and figure out realistically how many will be activated by AT&T;.

May 07, 08 - 10:55 am Comment from: Gandalf

Maybe AT&T;added some Xserves and don't need them any more.

May 07, 08 - 11:19 am Comment from: standardmess

I think Predrag's explanation is the most logical.

May 07, 08 - 11:22 am Comment from: Rainer

Apples projections probably also didn't include a consumptive USD that allowed people from Europe to come abroad with nothing but their clothes on and return a couple of days later with all the free-lugage maxed out...

May 07, 08 - 12:41 pm Comment from: SirROM

Of course, they could be looking ahead and know that the next gen iPhone won't be exclusive AT&T;here in the US, so the outlook for future earnings is not as good as they had hoped...