Synchronoss, the company that makes the activation software inside the very popular iphones, has had a big hit on their stocks.
The company announced Tuesday that they had a low current-quarter forecast and had lower-than-expected results, that in part had to do with the decline of iphone activations that they had to do.
The reason for the drop, analysts say, is that more users are unlocking the iphone and using other phone providers, rather than use AT&T’s network. The company’s shares went down $9.86, to close at $13.04 on Wednesday after reporting …