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Verizon Could Owe Apple Big Time

Courtesy of www.iphonehacks.com via Google Images.

Courtesy of www.iphonehacks.com via Google Images.

Back in 2010 when Apple first signed with Verizon to sell iPhones, Verizon committed to selling a certain number of phones each year. However, Verizon seems unable to sell the amount specified and could owe Apple up to $14 billion for the shortfall in sales. With analysts predicting a decline on iPhone sales at the moment, Verizon just may end up paying Apple. Could this mean a new deal for another cell phone producer? Maybe. More importantly, what does this mean for Verizon Wireless (VZ) and Apple (AAPL) shareholders? Read the article HERE to find out.