Today's Hard|Forum Post
Today's Hard|Forum Post

Monday October 03, 2011

Sprint to 'Bet the Company' on iPhone

Brilliant move of the day goes to Sprint for betting the farm on the iPhone. roll eyes (sarcastic)

CEO, Dan Hesse, told his board the company "would have to agree to purchase at least 30.5 million iPhones over the next four years آ— a commitment of $20 billion at current rates آ— whether or not it could find people to buy them, according to people familiar with the matter." That would mean Sprint would, at best, not break even on the deal until 2014, said the Journal.