The Wall Street Journal reports Sprint (S) will make a staggering $20B bet on the iPhone (AAPL) with a long-term high-volume deal. According to the report, Sprint doesn't expect to break-even until 2014 on the deal and will deeply subsidize each phone sold.
Sprint is down 0.25 to 2.78 today.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment