Unlocked iPhones: A good problem to have

That’s what Tim Cook says. Our COO was asked at a conference about all the so-called “missing iPhones” and explains to the investards that, um, this is actually a good thing since it means people around the world are dying to get one. Money quote: “Of all the problems we face, this is the one I face looking at with a little bit of a smile. Because it means there’s great demand for the phone. And to have people stepping over each other to have the phone isn’t a bad thing.”

Amen, my brother. Extra backdated options in your pay envelope this week.