Tinman wrote:

> The math was done long before Q4 2006, don't you think? Not saying you're
> incorrect, just pointing out that these discussions likely started back in
> Q1/Q2 2005 (at least with Verizon).

Of course, but the numbers have been similar for many quarters. Verizon
has been signing up far more new contract customers, the high value
customers that would be likely to buy an iPhone. When you launch a new
product, you go for the biggest TAM (total available market).

As one analyst put it, "Verizon continues to take significant market
share from Cingular in the retail postpaid market."

Maybe Apple also looked at the differences in quality of the network as
well, especially the much larger high speed data network. Maybe they
didn't include HSDPA in the iPhone because the HSDPA network coverage
lags EV-DO by so much.

Whatever the reasons, it's exceedingly amusing to see Navas come up with
all of his rationalizations...again.