Shelly Palmer

Sprint Bets $20b on iPhone

Sprint

Sprint is betting $20 billion that the iPhone can turn the company around. The carrier agreed to buy 30.5 million iPhones over the next four years, seeing the lack of Apple’s handset as the reason why customers are fleeing. Sprint will have to double its subscribers and move them all to iPhones to profit from this deal. Read the full article at WSJ.com