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05-16-2012, 11:38 AM #1
Sprint Won't Make a Dime From The iPhone for Three More Years
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
05-16-2012, 12:05 PM #2
LOL! Good luck with that Dan-O. While Sprint waits for profitability the Russian, Vietnamese and Chinese crime rings are shipping their iPhones overseas hand over fist. Ouch!
05-16-2012, 12:11 PM #3
Het Micheal, why no article on the CEO of Verizon stating "grandfathered in" unlimited data plans are on the way out?
05-16-2012, 12:17 PM #4
haha..OUCH! Well they will eventually make a profit..guess that's a good thing. When a company is hanging on by the tips of their fingers..never a pretty sight..good luck with that!
05-16-2012, 12:20 PM #5
05-16-2012, 01:48 PM #6
I just hope this does not mean that they're going to start to screw with us customers. And if they really want to attract new customers, they should definitely improve their pretty much useless 3g networks.
Last edited by swifty7; 05-16-2012 at 02:03 PM.
05-16-2012, 02:03 PM #7
if the iphone is the most popular in 3 years... thats a long time.
05-16-2012, 02:19 PM #8
05-16-2012, 04:41 PM #9
05-16-2012, 09:11 PM #10
Well sprint needs to update the 3G coverage.
05-16-2012, 09:24 PM #11
He took a gamble and if nothing else it stopped customers from churning. It was a smart move, we'll see if it pays off.
05-16-2012, 09:38 PM #12
Sprint has the best deals regarding plans. AT&T and Verizon have the exact same plans for 3 lines. Sprint is cheaper then both of them for 3 iPhones lines by $100.
05-17-2012, 08:12 AM #13
05-17-2012, 11:33 AM #14
Last edited by Lohand; 05-17-2012 at 11:41 AM.