Sprint has to pay Apple $15.5 billion for the iPhone, says it needs $7 billion
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3. ps1001 posted on 27 Oct 2011, 04:59 13 4
"no... sprint is going down sooner rather then latter..."
18. threeline posted on 27 Oct 2011, 08:08 5 3
"Sprint, you can't handle the truth!" (Siri in Jack Nicholson's voice)
37. jogutier posted on 27 Oct 2011, 12:16 4 2
I agree, and Verizon is ready to purchase them. Especialy cause Sprint is making it easier by upgrading their towers to LTE. LOL
51. jsjr76 posted on 27 Oct 2011, 14:30 1 5
Sprint isn't going down any time soon OR later. They are making themselves a more valuable company by carrying the iPhone because the damn thing sells like water in the desert. People don't stand in lines for Androids and they rarely sell out. IPhones??? ALL THE DAMN TIME. Its a smart move and I think a man like Dan Hesse commands a little respect. Undegrad from Notre Dame...MBA from Cornell...MSc from MIT... the man is damn smart and hes kept this ship going when it almost sunk before he took over. He said to give him 5 years and in a year and a few months it will be five years. In that time he has earned more awards for customer service, call quality, and data transfer reliability than in the previous ten for Sprint. He grabbed two of the biggest phones in history (EVO 4G and the iPhone) and he's rolling out LTE in 2012/2013. And Verizon can't buy them. It'll violate anti-trust laws. However, its been said that a European company is looking, as are a few American suitors. So don't count Sprint out. Mr Hesse is doing exactly what he said he could and would do. Being expensive and arrogant doesn't make VZW or Crap T&T better. Last time i checked AT&T ranked dead last in 19 out of 25 major metropolitan areas. Sprint? NONE
54. mooney73 posted on 27 Oct 2011, 16:11 4 0
It doesn't take an Ivy League sheepskin to recognize the irony of taking out a loan, ultimately sourced from China, that will be used to purchase the right to peddle disposable consumer goods, ulitmately sourced from China.
I'm sure there were some "impressive" diplomas hanging in the executive offices of AIG, Goldman-Sachs, GM, Chrysler, and more...
Borrowing the equivalent of your market value to make a purchase in that sum for the right to sell the products of a company who just lost their executive and creative leadership sure sounds like a "hail Mary" play to me... a move that Hesse -- or any Notre Dame grad/fan -- knows all too well.
56. BReND0 posted on 27 Oct 2011, 17:34 0 0
totally agree
59. threeline posted on 28 Oct 2011, 02:32 1 0
Yes, this was a bad move for Dan H especially for a refreshed version of the iPhone and not the iPhone 5. Most of their new customers will be stuck with the 4 or 4s and the people who were on the fence about getting a Sprint iPhone like me(10 year sprint customer) has made the decision to stay with Android especially after seeing ICS. I don't miss what I never had. Android comes on so many different phones, and people like that.
Dan H should've held out longer because Apple kind of needed Sprint as well because Apple needed access to Sprint's 50mil customers to compete with Android knowing they didn't have a new model to release this year and Moto, HTC, and Samsung was loading the guns with killer high-end devices and Apple had nothing new this year. So they could've made Apple craw to them had they played their cards right buy saying if you want access to my customers then make me a killer offer because we are gonna be okay without the iPhone as long as we keep a great selection of high-end Androids. VZW didnt sell their soul, but they have a balanced attack with both the 4 and 4S and a ton of Androids from entry level to Super high end dual-core models. Sprint should've waited for the iPhone 5 and focused on Android for now, their bread and butter.
14. andro. posted on 27 Oct 2011, 08:00 7 0
once you get into agreements like this with apple its game over,they like to swallow people whole and spit out the bones......while also pocketing all their money,islaves get this treatment all the time
35. JeffdaBeat posted on 27 Oct 2011, 11:30 3 0
I don't think it's really that more than Sprint has to prove that it isn't some poor man's company. That the struggle T-Mobile is having as well. No one takes "pride" in carrying T-Mobile and rarely is that the case with Sprint. In order for Sprint to compete, it has to have the same offerings as its competitors. Whether or not you like the iPhone, people want it. And Sprint not offering that gives their customers one choice if they do want it...switch. Sure, not having it isn't going to make everyone run away from Sprint, but it can make a few million people leave year after year. That's not good for stocks at all...
Still this is a Hail Mary pass like I've not seen in a while. Sprint needed the iPhone to help perception, but to bet so much is either going to bring them back or kill the company now and forever...especially bettering with more money than they have. Good luck Sprint, I for one hope you win.
52. SuperEd posted on 27 Oct 2011, 14:38 0 2
Bye bye SPRINT. They are going to go down HARD. Windows Phone is going to put the nail in the coffin. oh well.
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