“Sprint shares surged Tuesday on speculation that the No. 3 telco will be selling the Apple iPhone this fall,” Scott Moritz reports for The Street.
“The stock closed up 10% Tuesday as investors cheered a report that Sprint would have the iPhone sometime in October, according to The Wall Street Journal, which cited two people,” Moritz reports. “The news comes as Apple is expected to be preparing two iPhone models for the holidays. The first is the iPhone 5 world phone; the second is a stripped-down iPhone 4 that could be sold by telcos as a giveaway in exchange for a two-year contract.”
Read more in the full article here.