A Casualty of the Verizon iPhone: Margins

(TheStreet) -- Not only will the rush of new AppleAAPL iPhone customers test Verizon'sVZ vaunted network capacity, it will also impact the company's accounting books. With upwards of 9 million-plus Verizon iPhones estimated to be sold this year, the upfront costs of subsidizing the iPhone -- a $300 to $500 initial outlay to Apple to keep the retail price near $200 -- is expected to crush Verizon's margins and profits. Continue reading the article.