NEW YORK (AP) ― Sprint Nextel Corp. has committed to buying more than 30 million iPhones over the next four years, imposing a heavy burden on an already cash-strapped company, according to a report published Monday.
The Wall Street Journal’s online edition attributed the report to unnamed sources. Apple Inc. is expected to a reveal the first new iPhone model in more than a year on Tuesday.
The paper previously reported that Sprint Nextel Corp. will sell the iPhone, which has been exclusive to AT&T Inc. and Verizon Wireless.
In Monday’s story, the Journal said CEO Dan Hesse had told Sprint’s board that the company would lose money on the deal until 2014. Sprint has posted a loss for every quarter since 2007.
