The fact that there are alternatives to APPL's I-phones give AT&T and VZ the upper hand in negotiating subsidies.
T "lost" him twice. Once when it bought Pac Bell and then when it bought legacy AT&T.
You maybe right but the man commented on subsidy issues of which I found to be right on the mark in addition to his comments concerning PLC as it relates to hardware in general.
Two important factors to remember about high tech hardware: 1) Capital intensive to develop and 2) short PLC, unlike consumer goods where PLC goes on forever, i.e. Coca Cola.