Remember that AT&T's price for the phone is the subsidized price. Either Apple charges AT&T a much larger price for the phone and AT&T keeps all the profits from monthly subscriptions, or Apple and AT&T share the subscription profits. From what I recall, AT&T is no longer sharing subscription revenue with Apple, so it's probably the former.
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Remember that AT&T's price for the phone is the subsidized price. Either Apple charges AT&T a much larger price for the phone and AT&T keeps all the profits from monthly subscriptions, or Apple and AT&T share the subscription profits. From what I recall, AT&T is no longer sharing subscription revenue with Apple, so it's probably the former.