Report: Sprint to buy more than 30M iPhones

October 3, 2011

(AP) -- Sprint is committing to buy more than 30 million iPhones over the next four years, imposing a heavy burden on an already cash-strapped company, The Wall Street Journal reports.

The paper cited unnamed sources. is expected to a reveal the first new model in more than a year on Tuesday.

Sprint shares dropped 10 percent on the news.

The paper earlier reported that Corp. will sell the phone, which previously was exclusive to AT&T Inc. and Verizon Wireless.

Apple and Sprint did not respond to requests for comment.

Sprint has 33 million subscribers on contract-based plans, so its reported commitment means it would have to convert half of them to iPhones, assuming they upgrade after two years.

Explore further: Sprint Nextel signs networking deal with Ericsson


Related Stories

Sprint Nextel signs networking deal with Ericsson

July 9, 2009

(AP) -- Sprint Nextel Corp. has signed a seven-year deal with LM Ericsson for the Swedish telecommunications equipment maker to take over operation of Sprint's wireless and wireline networks.

Report: Apple to make iPhones for CDMA networks

October 6, 2010

(AP) -- A new report says Apple Inc. is getting ready to manufacture a new iPhone that works on cellular networks based on CDMA technology, a move that would allow the phones to be used by more carriers, including Verizon ...

Sprint gains contract subscribers in 4Q

February 10, 2011

(AP) -- Sprint Nextel Corp. said Thursday it managed to post a quarterly net gain of contract subscribers for the first time since 2007, as its turnaround continues.

Sprint adds 1.1M subscribers, halves 1Q loss

April 28, 2011

(AP) -- Sprint Nextel Corp. on Thursday said it added more wireless subscribers in the first quarter than it has in five years, mainly on cheap service plans, as its turnaround continued despite the new threat of Verizon's ...

Report says Sprint to get iPhone in October

August 23, 2011

(AP) -- Sprint Nextel Corp., the country's third-largest cellphone company, will start selling the iPhone in mid-October, The Wall Street Journal said Tuesday.

New Sprint does push-to-talk without Nextel

September 27, 2011

(AP) -- Sprint Nextel Corp. will start shutting down the Nextel part of its network in little more than a year. So what are the folks who use Nextel's walkie-talkie-like push-to-talk function going to do?

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...

No lens? No problem for FlatCam

November 23, 2015

How thin can a camera be? Very, say Rice University researchers who have developed patented prototypes of their technological breakthrough.

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

1 / 5 (2) Oct 03, 2011

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.