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Tim Cook: Apple isn’t worried about potential carrier subsidy squeeze

Apple on Tuesday reported a huge quarter, crushing analysts’ estimates for the second fiscal quarter of 2012. During the earnings call that followed the company’s release, Apple executives were asked if they feared a potential squeeze on carrier subsidies, talk of which recently sent Apple’s stock tumbling. “Our focus is on making the very best smartphone in the world,” Apple CEO Tim Cook responded while brushing off the notion that carriers might be looking to squeeze iPhone subsidies. Carriers want to sell the products customers want according to Cook, and Apple’s iPhone is currently the best-selling smartphone in the world. The chief executive also stated that the iPhone is the best smartphone on the planet to entice feature phone users to upgrade to a smartphone, which is a primary goal for carriers as they promote high-margin data plans.

Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.