Wednesday, August 24, 2011

Apple iPhone Could Drive 1 Million Sales at Sprint in 4th Quarter

Michael Nelson at Mizuho Securities USA argues that Sprint getting the right to sell the Apple iPhone could have quite a material impact on Sprint's revenue. Sprint will be able to sell the iPhone with unlimited data plans, which could "significantly stimulate subscriber growth."

Mizuho believes Sprint could sell one million iPhones during the fourth quarter of this year and five million in 2012, though the majority of those sales, up to 80 percent, would likely be to existing Sprint customers.

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