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Cricket to Sell Apple iPhone 4/4S Starting June 22

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Top message:  This CAN'T be a good thing.... by MadFatMan   May 31, 2012, 7:49 AM

Replying to:  Re: This CAN'T be a good thing.... by jeryzkid22   May 31, 2012, 12:39 PM

Re: This CAN'T be a good thing....

by dlmjr    May 31, 2012, 2:05 PM

They are subsidising them, though not at the same rate that ATT/VX/Sp do. Wall Street Journal:

"J.P. Morgan analyst Philip Cusick estimates Leap will subsidize each iPhone by about $100 to $125, which is above its typical $50 to $100 smartphone subsidy."

Leap struck a deal with Apple, a contract that requires Leap to spend $300 mil per year for 3 years.

Essentially, Leap has to buy 500,000 iPhones in the next 3 years under this contract.

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