Report: Sprint Has Huge Deal For iPhone
Seemingly confirming months of rumors about a third carrier for the iPhone, the Wall Street Journal reported Monday that Sprint has reached a deal to carry the device, at a huge cost.
According to the Journal, the carrier has agreed to purchase 30.5 million of the devices- at a cost in the $20 billion range- for a place at the iPhone table. CEO Dan Hesse has reportedly told the company's board that the deal will likely cause the company to lose money by 2014.
Meanwhile, BGR.com Monday quoted a source who claimed that the advanced iPhone 5 would soon launch as a Sprint-exclusive 4G device as part of the Sprint deal, while AT&T and Verizon would get only the iPhone 4S, at least until early 2012. This aspect was not part of the Journal report, however.