This is definitely a big news. Sprint is making the greatest decision in the history of the company as they are potentially betting the whole stake on it. Sprint will possibly buy more than 30-million iPhones in $20 billion agreement with Apple.
The Wall Street Journal confirms that Apple iPhone is getting on the hands of Sprint Nextel Corporation, definitely, we are expecting that the new iPhone 5 will be acquired by them. Let’s see what happens as Apple launches the new iPhone 5 in Cupertino, California headquarters today. This big decision is putting Sprint in massive gamble, hoping that they get this straight forward, and if not it is a goodbye for the company.
As the said figures, Sprint will not make a profit out of this instead will lose money for at least two years, and we’re talking about numbers here. There is a possibility that they will lose money on the agreement until 2014, according to Sprint CEO Dan Hesse. He also said that the company would agree over the next four years to buy at least 3.5 million iPhones, adding up the $20 billion worth of money in the process at the current rates.
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According to Wall Street Journal, Sprint will start to subsidize the cost of each model to amounting to $500, so this will be revealed today at the iPhone 5 launching. The event will start at 10am Pacific time and 6pm GMT London Time.