Sprint trades $20 billion for 30.5 million iPhonesIf you’re a mobile carrier (regardless of which country you have decided to set up operations in), then chances are you would do your bottomline a great favor by making sure you stock the iPhone in your inventory. Well, Sprint fully intends to ensure that their survival is assured by agreeing to a multi-year deal with Apple as part of their agreement to carry the iPhone 5 – where this will see Sprint purchase 30.5 million iPhones from Apple over the next four years, securing a cool $20 billion of moolah for Apple in the process – at least that is what the Wall Street Journal reports.

According to an industry insider (obviously), “This is a bet-the-company kind of thing.” That seems to be quite the obvious statement to make, don’t you think so? Said report from the WSJ also pointed out that Apple has deliver rather similar terms and conditions to other carriers in order for them to commit to long-term volume commitments. This benefits Apple as they can then better plan and negotiate for lower prices in component purchases.

Of course, it doesn’t hurt that Apple does churn out quality hardware either, right?

This article was filed in Homepage > Apple > Cellphones and was tagged with Apple Inc, iPhone and Sprint.
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