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[BGR]Sprint scores iPhone 5 exclusive thanks to $20 billion deal with Apple? - Page 5

post #41 of 88
Quote:
Originally Posted by Somenamehere View Post
Have you seen apple fanboys ? They will jump all over this, they cant wait 3-4 months.
True, but for a lot of people, there's a big difference between sprint network coverage and AT&T/Verizon network coverage. Jumping ship isn't always an easy thing to do.

I imagine a lot of current Sprint subscribers would go to the iphone 5, but I'd be surprised if it really lures a lot of new subscribers in.

On the other hand, even when AT&T gets the next iphone, there still won't be 4G, so maybe people will get tired of 3g speeds and defect.
    
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post #42 of 88
When the iPhone was exclusive to AT&T and I was on Verizon, I switched 25% to get an iPhone and 75% because Verizon had no coverage at my house and it was driving me up the wall. I know others in my area were in the same boat and also switched, but I can guarantee none of us are moving to Sprint no matter how great the iPhone 5 is.
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post #43 of 88
Considering Sprint was switching to LTE I think this is more of a rumor than real. Also does Sprint even have that kind of money laying around?
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post #44 of 88
Quote:
Originally Posted by Cyrilmak View Post
Considering Sprint was switching to LTE I think this is more of a rumor than real. Also does Sprint even have that kind of money laying around?
$20m is chump change. I'm not being facetious. Their market cap. is $8b. I would be shocked if they don't have $20m cash sitting around. Probably have a lot lot more than that. They might be a "small" company in comparison to verizon or at&t, but they're not a small company.
    
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post #45 of 88
Quote:
Originally Posted by guyladouche View Post
$20m is chump change. I'm not being facetious. Their market cap. is $8b. I would be shocked if they don't have $20m cash sitting around. Probably have a lot lot more than that. They might be a "small" company in comparison to verizon or at&t, but they're not a small company.
It's 20 billion, with a B.


BGR apparently has a horrendous track record with Apple rumors, so I'm genuinely hoping this is not true because I will not switch back to sprint for the latest and greatest. This move made sense with AT&T 4 years ago but it simply doesn't make sense today. I'm 99% sure this is bogus.
Edited by ForumViewer - 10/3/11 at 4:17pm
 
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post #46 of 88
Quote:
Originally Posted by ForumViewer View Post
It's 20 billion, with a B.
huh?
    
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post #47 of 88
Quote:
Originally Posted by guyladouche View Post
huh?
You said $20m is chump change. I agree. But the deal is worth $20 Billion. $20 Billion is not chump change. Particularly for Sprint.
 
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post #48 of 88
Nevermind...
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post #49 of 88
But.... Sprint makes much less than that in 4 years
    
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post #50 of 88
Quote:
Originally Posted by Cyrilmak View Post
Considering Sprint was switching to LTE I think this is more of a rumor than real. Also does Sprint even have that kind of money laying around?
Actually, that's a good point. Sprint's cash on hand, as of June 30th, was about $4B. Heck, they have less than $15B invested in infrastructure (plant, property, and equipment)! I mean, yes, it is over 4-5 years, but they've been barely breaking even over the last couple of years... just seems like a very risky move if it is true they've signed a deal. They certainly don't have the cash now, and unless there's a major increase in subscribers without a whole lot of increased cost, they're not likely to have the cash later either.

Also of interesting note, Sprint's stocks dropped more than 10% today... so apparently investors didn't like the move!
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