“Sprint Nextel Corp. will begin selling the iPhone 5 in mid-October, people familiar with the matter said, closing a huge hole in the No. 3 U.S. carrier’s lineup and giving Apple Inc. another channel for selling its popular phone,” Joann S. Lublin and Spencer E. Ante report for The Wall Street Journal.
“The timing, however, indicates Apple’s new iPhone will hit the market later than expected and too late to contribute to sales in the company’s fiscal fourth quarter, which ends in September. Most observers had expected the device to arrive next month,” Lublin and Ante report. “Top U.S. carrier Verizon Wireless and No. 2 AT&T Inc. will begin selling the phone in mid-October as well, two of the people said. Sprint had more than 52 million subscribers at the end of the second quarter, compared with 106 million for Verizon and nearly 99 million for AT&T.”
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Lublin and Ante report, “Landing the iPhone is a big win for Sprint, whose results have suffered without being able to sell the iconic device. This February, Verizon Wireless began selling the iPhone 4, while AT&T has relied on versions of the Apple device to drive sales since 2007… Sprint will also carry the iPhone 4, starting at the same time, one person familiar with the situation said.”
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