iPhone network carriers are struggling to turn a profit from the high-end mobile phones, a research company has claimed.
In a new report conducted by analysis firm Strand Consult, the company posits that a number of networks who have exclusive deals for the phone have actually seen profits fall.
To support its statement, Strand Consult cited the example of Sing Tel. Since the company landed the iPhone its profits have dropped by between three and four per cent.
Also cited by the company was Nordic giant TeliaSonera which has seen its marketshare fall.
Strand Conslut told the Reuters news agency: “We have not found one operator which has created shareholder value with the iPhone.
"According to the research we have conducted on the operators, not one of these has increased their market share, revenue or earnings as a result of introducing the iPhone. On the contrary, some operators have sent out profit warnings because of the iPhone."
UK iPhone 3G S carrier O2 has yet to comment on the story.
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