Tuesday, February 28, 2012

Sprint reveals it spent $15.5 billion to fuel its iPhone hunger

Sprint reveals it spent $15.5 billion to fuel its iPhone hunger

Sprint's SEC filings have revealed that the carrier has committed to purchasing $15.5 billion worth of iPhones as part of the long-promised $20 billion gamble. If each handset costs around $630 at trade, then we're talking about the network holding nearly 24 million units. Given that the company most recently ate a loss of $1.3 billion, most of which was caused by carrier subsidies for the 4S, there's a genuine fear that the company won't be able to make enough back on each customer to offset the initial outlay.

Engadget, Sprint reveals it spent $15.5 billion to fuel its iPhone hunger

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