Sprint May Finally Get the iPhone (S, AAPL, RIMM, T, VZ)
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…
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
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.