About That $1 Billion

The Macalope on the bogus math behind the claim that unlocked iPhones will cost Apple “$1 billion” by the end of the year. (It’s the same sort of math the music industry uses to estimate how much money bootlegging costs them — based on the assumption that every single bootlegged track would otherwise have been purchased for the full retail price.)

★ Monday, 25 February 2008