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Sprint places $20 billion order for next iPhone, hinges company future on Apple’s handset?
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Oh, iFaithful, your newest Apple phone(s) are only a day away. Which is even more reason to hunker down into this latest chunk of pre-announcement gossip. According to information obtained by the Wall Street Journal, Sprint’s betting the farm on a 30 million-plus order of next-generation iPhones to put it on an even battle ground with heavyweight rivals AT&T and Verizon. The cost of this loss-absorbing gamble? That would be about $20 billion, with the Hesse-led co. subsidizing the $500 cost of each handset. For the third place operator it’s matter of do-or-die, as there really isn’t an alternative to the critically-praised, Jony Ive-designed handset that set off this smartphone race. Hesse’s purported admission to the company’s board that customer churn is directly linked to its iPhone ommission underscores the uncomfortable plight his company faces. It remains to be seen if Sprint can convert its mostly pre-paid subscriber base of 52 milion into the contracted customers it needs to stay financially afloat. While an iPhone on Sprint certainly seems a given, it remains to be seen if that device will forego WiMAX for LTE.Sprint places $20 billion order for next iPhone, hinges company future on Apple’s handset? originally appeared on Engadget on Mon, 03 Oct 2011 15:01:00 EDT. Please see our terms for use of feeds.Permalink | Wall Street Journal | Email this | Comments
source: http://www.engadget.com/2011/10/03/sprint-places-20-billion-order-for-next-iphone-hinges-company/
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