Electronista: Europe’s iPhone carriers may face a significant financial hit from sub-par iPhone sales in the region, says a report from UK’s The Times. Speaking to Morgan Stanley analyst Katheryn Huberty, the paper hears that temporary price drops at T-Mobile in Germany and O2 UK are likely to incur “significant” financial losses as the phones sell below cost. Carriers are expected to recover much of this through monthly fees, with T-Mobile altering its discounts depending on subscription rates, but are still anticipated to suffer to some degree.
While Orange has not joined the efforts and is allegedly under pressure from Apple to discount the iPhone’s price in a subsidized model, all three European carriers have allegedly sold well below expectations. Total continent-wide sales reportedly reached the 330,000 mark where the providers together had estimated between 500,000 and 600,000.