http://www.engadget.com/2012/02/28/sprint-iphone/
Sent to you by Bill Boulware via Google Reader: Sprint reveals it spent
$15.5 billion to fuel its iPhone hunger via Engadget by Daniel Cooper
on 2/28/12
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.
Sprint reveals it spent $15.5 billion to fuel its iPhone hunger
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