I just do not understand how Verizon believes it can continue to pay high subsidies every 2 years for iphones as well as other smartphones. I have heard all the arguments about increased revenues. This ststement by Shammo clearly shows that the model is not working and the only one making big $ is Apple. The market will kill this stock. the dividend is nice but they keep talking about how they are a growth company and tech. Here come the downgrades. Just wait until tomorrow. The street will pound this thing into the ground. Shammo basically just warned.