Smartphones, Tablets, Wearables and Gadgets Message Board

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Technology Stocks : Smartphones, Tablets, Wearables and Gadgets

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Dec 24 12:59 PM EST

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From: FJB	2/29/2012 12:29:52 AM
	of 3027

Sprint reveals it spent $15.5 billion to fuel its iPhone hunger By Daniel Cooper posted Feb 28th 2012 at 4:12PM Sprint's SEC filings have revealed that the carrier has committed to purchasing $15.5 billion worth of iPhones as part of the long-promised $20 billion gamble. If each handset costs around $630 at trade, then we're talking about the network holding nearly 24 million units. Given that the company most recently ate a loss of $1.3 billion, most of which was caused by carrier subsidies for the 4S, there's a genuine fear that the company won't be able to make enough back on each customer to offset the initial outlay. Given the Baller-style purchasing decisions of Dan Hesse of late, we'll be watching how this unfolds with great interest and our fingers very firmly crossed.

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