The Secret Diary of Steve Jobs : Another brief chat with Randall Stephenson

http://www.fakesteve.net/2009/12/another-brief-chat-with-randall-stephenson.html

He says he has no idea what I'm talking about and I said, Dude, I'm talking about the fact that over the past eight quarters you've reduced your capital expenditure even while we've been sending you loads of new data subscribers. Last quarter you spent $4 billion on capex, which was $1.6 billion less than you were spending two years ago, at the end of 2007. Meanwhile your data revenues in the most recent quarter were $3.6 billion, up from $2.0 billion at the end of 2007. In other words, you took in $1.6 billion more on data plans, mostly thanks to iPhone, and then you boned us by slashing your capex. What the fuck, dude?