Yes, according to Piper Jaffray analyst Gene Munster's research note, AT&T will be paying Apple $11 a month for every new iPhone customer and $3 a month for every iPhone customer already with AT&T.
Though, the AT&T's iPhone revenue sharing pact details are secret; many analysts believe it to be a lucrative for Apple and Steve Jobs.
This analysis on the profit sharing seems more reasonable; iPhone brings in more customers to AT&T and help retaining its existing customers. Its a win-win business for both AT&T and Apple.
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