Synchronoss blames poor Q1 on unlocked iPhones

Synchronoss reported disappointing Q1 results and slashed future sales and earning forecasts, even though the company powers the synching software that hooks every new iPhone up to the AT&T network. Synchronoss CEO Steven Waldis, however, blames the iPhone for the company's woes, which has led to speculation that more iPhones than previously thought are being purchased in the U.S., unlocked, and sold elsewhere. An unlocked iPhone would not require Synchronoss' services. Another prediction is that Synchronoss has lowered its forecast because Apple is planning on changing its authentication process for future handsets.

For more on the quarter:
- read this report from Forbes

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