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1 million iPhones unlocked?

January 29, 2008 /

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Owners of Apple Inc.’s iPhone may have unlocked an "astounding" 1 million handsets to run on unauthorized wireless networks, depriving the company of lucrative monthly fees, Sanford C. Bernstein & Co. said Monday.

That estimate represents 27 percent of about 3.75 million iPhones sold last year, Toni Sacconaghi, the top-ranked computer analyst by Institutional Investor magazine, said Monday in a note. His previous estimate was 750,000 unlocked phones.

By CONNIE GUGLIELMO
BLOOMBERG NEWS

Full Story: http://seattlepi.nwsource.com/business/349117_appleunlock29.html

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