AT&T to Boost ETF to $325
I honestly don't mind it.
This isn't bad, considering that a BB device for example has an average cost from manuf. of around $500, some are higher. The PDA devices all have a lowest cost of around $299 for crap devices like the Nokia Surge, so on *most* devices, an ETF of $375 is still losing money even having the ETF paid out. It's just not as much.
A responsible society (which ours is not, since we've been coddled so long by "protective" regulations) would recognize that a business has a right to recover asset investments if a contract is breached. Instead, we have people who either intend to break contracts, or at least would do so in the case of an unfavorable situation. They have no problem with the fact that not fulfilling the contract you sign causes the company to lose money (read: it's theft, unless the assets are recovered in some way).
ETFs suck, but most of us will never be faced with one. Carriers partner with insurance companies to offer relatively low cost options to protect your equipment against incidental damage, equipment manufacturers offer (typically...
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Oddly, I probably would side with AT&T when it comes to the iPhone. It is very highly subsidized. And I do high ETF's are more to keep customers in place more then to recoup loses.
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