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Sprint has to pay Apple $15.5 billion for the iPhone, says it needs $7 billion

0. phoneArena 27 Oct 2011, 04:30 posted on

Sprint has finally spilled out the details of the gigantic bet it's taken with Apple's iPhone. The nation's third-largest carrier has obviously inked a four-year agreement with Apple, under which the Sprint has to pay $15.5 billion…

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posted on 27 Oct 2011, 18:50

58. vvelez5 (Posts: 623; Member since: 29 Jan 2011)

This is a huge gamble. Dan Hesse will either be laughed at or be praised as a business genius. He is literally betting the whole company at a successful and timely LTE launch. I see them raising prices for this if they can pull this off without raising prices I will be shocked.

posted on 28 Oct 2011, 06:10

60. redflag_rising (Posts: 20; Member since: 26 Oct 2011)

sprint could not do it without prices getting high... with a company that have a lot of debt they need to suck up every penny from customers to roll out the business plan...........

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