Monday, October 3, 2011

Report: Sprint Makes Multibillion Dollar Bet on the iPhone

Report: Sprint Makes Multibillion Dollar Bet on the iPhone

If there's one device that could save Sprint from a losing battle for customers with wireless giants Verizon and AT&T, it's the iPhone. Sprint CEO Dan Hesse told the company's board that the carrier agreed to purchase 30.5 million iPhones over the next four years, according to a report from The Wall Street Journal. Today, a purchase of that size amounts to $20 billion USD.
Such a large bet on Apple is telling of the drastic measures Sprint is willing to take in order to remain a contender in the wireless carrier arena.

Gadget Lab, Report: Sprint Makes Multibillion Dollar Bet on the iPhone

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