Cricket to Sell Apple iPhone 4/4S Starting June 22
Top message: This CAN'T be a good thing.... by MadFatMan
Replying to: Re: This CAN'T be a good thing.... by jeryzkid22
Re: This CAN'T be a good thing....
"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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