Sprint ends leasing option for Android phones?
posted by Alan F. / Sep 23, 2016, 7:52 PM
Sprint has been inconsistent with its announcements. In January, the nation's fourth largest carrier did away with two-year contracts and started offering a leasing option. One month later, the contracts were back. CEO Marcelo Claure had previously noted that the by the end of this year, Sprint would be offering its customers device-leasing exclusively; that appears to be out.
A Sprint spokesman refused to confirm whether it has in fact ended leasing of Android phones. In an email, a spokesman promoted the carrier's equipment installment plans. "Sprint offers $0 down (for qualified customers), interest free option on our installment billing product which is on all handsets. We work to ensure that our customers have as many options as possible to pay for their device in the most affordable way."
Thanks to a deal with Sprint's parent SoftBank, the latter had created a handset leasing company that provided the wireless operator with $1.1 billion in cash. This was done to allow Sprint to keep the financing of the leased handsets off of Sprint's balance sheet.
So, they want everyone to buy iPhones?
posted on Sep 23, 2016, 8:05 PM 5
Posts: 7004; Member since: Mar 16, 2013
The real truth is many Android smartphones including new ones already go for zero dollars on two years contracts. Not to mention many new Android phones can be purchased for $100 - $300 out right off contract. Also every month new Android smartphones arrive. So it's real easy to drop contracts for Android devices. Whereas Apple has to make those billions of dollars on overpriced hardware.
posted on Sep 24, 2016, 12:45 AM 3
Posts: 467; Member since: May 25, 2011
All phones have had this happen. However, the Note 7 unlikely other phones were put in a recall from a bad battery. Many other things like bad cords cause the issue or a phone in long use already very hot.
posted on Sep 24, 2016, 11:35 AM 0
Posts: 4063; Member since: Jul 23, 2013
Yea, because they're probably stuck with inventory that won't sell as quickly as they expected. Since Apple forces carriers to buy iPhones from them, it forces the carrier to push the iPhone in order to make back their money. So this pretty much confirms the sales declined of the iPhone 7.
posted on Sep 24, 2016, 5:15 AM 0
Posts: 3960; Member since: Oct 21, 2014
Interesting that the device that's "for the rich" remains available on lease. Wouldn't be surprised if there's some carrier agreement with apple that restricts them to only offering iDevices on lease to make them more appealing to budget conscious buyers...
posted on Sep 23, 2016, 8:13 PM 7
Posts: 1312; Member since: Aug 31, 2016
Unless I'm mistaken they signed a 5 or 10 year agreement with Apple when they originally got the iPhone. Also unless I'm mistaken, carriers sign agreements to pay Apple a minimum $ amount wether they sell enough iDevices or not over a contract period.
posted on Sep 23, 2016, 10:03 PM 1
Posts: 4063; Member since: Jul 23, 2013
It's not a minimum, it's the price of the iPhones. If they want to stock iPhones they pay for them upfront. This likely means that based on pre orders sprint ordered too many and is now stuck with excess inventory.
posted on Sep 24, 2016, 5:17 AM 1
Posts: 797; Member since: Mar 05, 2016
Most android users will be relegated to purchasing their devices for full cost upfront, since statistically most android users have poor credit scores, hence they won't qualify for a lease program.
posted on Sep 23, 2016, 11:32 PM 0
Posts: 75; Member since: Mar 17, 2016
Sprint is hardly ever compatibility with the Android phones.
posted on Sep 24, 2016, 12:36 AM 0
Posts: 1457; Member since: Oct 27, 2011
They should get away from leasing program. Every carrier should. It's T-Mobile fault for bringing this s**t and all the carriers following. Everyone should bring back two year contracts and if you can't afford to pay 200-300 for a phone up front then you shouldn't be buying one.
posted on Sep 24, 2016, 3:00 AM 0
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