This Week's Sponsor:

FastMinder

A Simple, Lightweight, and Clutter-Free Intermittent Fasting Tracking Experience


Sprint To “Bet the Company” on $20 Billion iPhone Deal

It was previously reported the next-generation iPhone would be available on U.S. carrier Sprint, and today The Wall Street Journal adds some details to its initial report, claiming that Sprint is “betting the company” on a $20 billion iPhone deal that will see Sprint purchasing 30.5 million iPhones over the next four years.

New details, not previously reported, give a rare look at Apple’s closely guarded dealings with carriers, and reveal just how high the stakes are for Sprint.

Mr. Hesse told the board the carrier would have to agree to purchase at least 30.5 million iPhones over the next four years—a commitment of $20 billion at current rates—whether or not it could find people to buy them, according to people familiar with the matter. In order to keep the price people pay for the phone low and competitive with rivals, Sprint would be subsidizing the cost of each phone to the tune of about $500, which would take a long time to recoup even at the high monthly fees iPhone users pay.

Sprint’s board called the iPhone “project Sony” internally, and a person familiar with the matter has been quoted by the WSJ saying “We have to have it”. The deal’s hit on Sprint’s operating income is “staggering”, according to another source. In a lawsuit filed against the AT&T / T-Mobile merger in September, Sprint said the company “has had to compete without access to the iPhone for nearly five years”.

Apple is expected to introduce a new iPhone tomorrow in Cupertino at 10 AM Pacific time. Check out our roundup for a breakdown of rumors and predictions.

Unlock More with Club MacStories

Founded in 2015, Club MacStories has delivered exclusive content every week for over six years.

In that time, members have enjoyed nearly 400 weekly and monthly newsletters packed with more of your favorite MacStories writing as well as Club-only podcasts, eBooks, discounts on apps, icons, and services. Join today, and you’ll get everything new that we publish every week, plus access to our entire archive of back issues and downloadable perks.

The Club expanded in 2021 with Club MacStories+ and Club Premier. Club MacStories+ members enjoy even more exclusive stories, a vibrant Discord community, a rotating roster of app discounts, and more. And, with Club Premier, you get everything we offer at every Club level plus an extended, ad-free version of our podcast AppStories that is delivered early each week in high-bitrate audio.

Choose the Club plan that’s right for you:

  • Club MacStories: Weekly and monthly newsletters via email and the web that are brimming with app collections, tips, automation workflows, longform writing, a Club-only podcast, periodic giveaways, and more;
  • Club MacStories+: Everything that Club MacStories offers, plus exclusive content like Federico’s Automation Academy and John’s Macintosh Desktop Experience, a powerful web app for searching and exploring over 6 years of content and creating custom RSS feeds of Club content, an active Discord community, and a rotating collection of discounts, and more;
  • Club Premier: Everything in from our other plans and AppStories+, an extended version of our flagship podcast that’s delivered early, ad-free, and in high-bitrate audio.