“The chief executives of AT&T Inc. and Sprint Nextel Corp. said Wednesday that demand for Apple Inc.’s new iPhone 5 looks to be high and is a sign that consumers are still willing to pay a premium for the latest iteration of the iconic smartphone,” Rex Crum reports for MarketWatch.
“Speaking at a Goldman Sachs technology conference in New York, AT&T CEO Randall Stephenson said that the iPhone 5 is ‘selling very, very well,’ and AT&T is making good progress in building out its LTE, or 4G wireless network,” Crum reports. “Stephenson did not give any figures on iPhone 5 pre-orders with AT&T. On Monday, Apple AAPL said that more than 2 million iPhone 5 units had been sold in the first 24 hours that pre-orders were available. The iPhone 5 begins shipping on Friday.”
Crum reports, “Appearing separately from Stephenson, Sprint CEO Dan Hesse didn’t divulge any iPhone sales figures for his company, but he anticipated that it will be a strong-selling device. ‘I don’t know how it compares with our competitors, but I would expect it’s doing well,’ Hesse said. ‘I’m just glad we have it.'”
Read more in the full article here.
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