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Sprint places a $20 billion order on the next-gen iPhone

Sprint orders $20 billion worth of next-gen iPhones

| Mobile Devices, Tablets & Phones News | Posted: Oct 4, 2011 1:00 pm

Sprint is currently the number 3 wireless carrier in the US and to try and turn this around, they've ordered an astonishing $20 billion worth of next-gen iPhones. Sprint are hoping that the next-gen iPhone is that good, as this is a matter of do-or-die. Currently, Sprint have 52 million subscribers who are mostly pre-paid, but with $20 billion worth of next-gen iPhones, I'd be willing to wager that they want to get those customers off pre-paid and onto contracts.

 

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This move allows Sprint to subsidize the $500 cost of each handset and should give Sprint a running start. 30 million-plus iPhones sure is a lot of iPhones...

NEWS SOURCES:Engadget.com

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