New York Times talks iPhone, Losing Money on the iPhone and Making It Up on Volume

[From Hans] New York Times has a good editorial making the point that Apple could conceivably sell the iPhone hardware at a substantial loss while still generating greater profit per iPhone than it does from the highest-end iPod. "Apple is likely to make so much money from its share of iPhone usage fees paid to wireless phone companies that it can sell the product at a loss and still make money. It can even cover the cost of its $100 rebates to people who bought the phone before it cut the price to $399. That’s the conclusion of Toni Sacconaghi, an analyst with Sanford C. Bernstein."