http://skydeck.disqus.com/Mobile Caller IDenMon, 09 Jun 2008 20:29:02 -0000http://skydeck.com/blog/mobile-market/will-the-next-iphone-be-subsidized#comment-10293629<p>You totally nailed it.</p>Matthew SteckerMon, 09 Jun 2008 20:29:02 -0000http://skydeck.com/blog/mobile-market/will-the-next-iphone-be-subsidized#comment-10293628<p>The challenge for Synchronoss is that a huge portion of their revenue comes from Cingular/AT&amp;T. They have some other deals in the works, but none that are close to that size and scope.</p><p>If you look at their stock history, it ran up a huge amount before the iPhone, then took another jump with the iPhone halo. The problem was - and I'm just guessing here - that lots of that second run-up was mostly pure halo.</p><p>Their CEO has tried to blame the drop on unlocked iPhones, but I think the problem is that they were fundamentally overvalued.</p><p>Your point about in-store iPhone activation is interesting. Still, my guess is that Apple wouldn't break the in-iTunes activation process - which is working so well. Instead (and this is a guess), they'll likely do an adjunct - perhaps a rebate or credit upon activation?</p><p>It'll also be interesting to see whether Rev 2 hardware is able to put up any real roadblocks to the unlockers.</p>Matthew SteckerFri, 16 May 2008 09:12:42 -0000