Verizon could owe Apple $14 billion

Because of slower-than-expected sales, Verizon now must double its iPhone sales of last year. If it falls short, the company could be on the hook for as much as $14 billion, Moffett Research said in a report released this week.

That’s an incredible amount of money to pay because you didn’t sell as many iPhones as expected. However, I don’t know of any other carrier in the world that hasn’t met sales expectations.