Sprint's iPhone Opportunity
The main question appears to be not whether Sprint will start selling the Apple Inc. (Nasdaq: AAPL) smartphone in mid-October -- that seems to be taken as a given -- but whether the introduction of the iPhone can renew Sprint's fortunes. (See US Wireless Operators' Q2 Scorecard.)
In a research note issued early Wednesday, Michael Nelson at Mizuho Securities USA Inc. writes that the addition of the iPhone, combined with the operator's focus on its unlimited data plans, could "significantly stimulate subscriber growth." The analyst team at Mizuho believes Sprint could sell 1 million iPhones during the fourth quarter of this year and 5 million in 2012, though the majority of those sales, up to 80 percent, would likely be to existing Sprint customers.
— Ray Le Maistre, International Managing Editor, Light Reading