If there is one thing that we have been wondering about time after time, it is this: WHEN WILL SPRINT SELL THE IPHONE??? Sprint Nextel Corporation (NYSE: S) is reportedly set to begin selling the iPhone 5 as soon as mid-October. Apple Inc. (NASDAQ: AAPL) has not released the news yet and it seems that the company would be taking on the arms dealing model even further now if this is accurate.
The WSJ headlines are rocketing Sprint Nextel’s stock. Apple held off with only using AT&T Inc. (NYSE: T) for so long, that everyone wanted to know when Verizon Communications Inc. (NYSE: VZ) would be able to get in on the game. We all know now that Verizon did finally get its foot in the door earlier this year.
Maybe it is just a matter of time before Sprint gets the iPhone, any version of it. There may also be nothing to it. What is certain is that this would give Sprint a reason to finally bring in the traffic back to its stores. The company certainly has the network capacity to handle it.
Sprint shares are up 9.5% at $3.57 today and the 52-week range is $2.98 to $6.45. As a reminder, all rumors of this nature should be treated as nothing more than rumors until further confirmation is out from the companies.
JON C. OGG