If it's true that "good things take time," then Sprint must have something amazing in store. Because it will have taken a veritable eternity in the mobile world for the iPhone to become profitable for the nation's third largest mobile carrier.
According to published reports Wednesday, Sprint CEO Dan Hesse isn't an impatient man. In fact, he sounds more than willing to wait another three years for the iPhone to become profitable for his company. As it turns out, that's how long it will take before Sprint's strategic investment yields any green.
Sprint is believed to be on the line for some $15.5 billion for selling rights to the iPhone. But when 2015 arrives, the gamble will have paid off, the Sprint boss asserts.
“We’re very happy with it,” Hesse said of Sprint’s deal with Apple, during the company’s annual shareholders meeting Tuesday. “Carrying the iPhone will be quite profitable.”
Source: All Things D