A sweet iPhone deal with AT&T (T - Cramer's Take - Stockpickr) is paying off for Apple (AAPL - Cramer's Take - Stockpickr) even faster than Wall Street expected.
It's well established that the world's most talked-about phone has lured thousands of free-spending, lust seeking customers since its introduction last month. But the financial terms of the revenue-sharing deal have been kept under wraps.
Until now, that is.
People close to the companies tell TheStreet.com that AT&T is paying Apple a bounty of between $150 and $200 per phone -- plus $9 a month per phone over the life of the typical two-year customer contract.
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