So the Wall Street Journal is reporting that Sprint was so desperate to get the iPhone now that AT&T’s exclusivity deal is up, they actually bet the future of their company on it: they’ve placed an order for over $20 billion in iPhone sales over the next four years. Sprint won’t break even on the deal until 2014, and if the iPhone suddenly becomes less popular (yeah, right), the deal could sink the company.
That’s a big story. It seems almost unbelievable, in fact, that Sprint would bet the future of its company on just one device, but that’s exactly what they appear to have done.
Want to know something even more unbelievable, though? According to a follow up report… Sprint’s ballsy deal secured them exclusive rights to the iPhone 5.
