Here’s some potential good news for the ailing Sprint Nextel: The carrier is expected to get Apple’s iPhone 5 and begin selling it in mid-October, according to a report.
Sprint will join Verizon and AT&T in selling the hotly-anticipated Apple device The Wall Street Journal reported Tuesday. The move comes after Sprint lost $847 million in its most recent quarter. Like T-Mobile, Sprint has suffered from its lack of access to the iPhone, the best-selling phone on the market.
Apple’s move isn’t completely unexpected, however. Back in May, Peter Misek, an analyst with Jeffries & Co., predicted that Apple would announce distribution deals not only with Sprint, but with T-Mobile as well.
Still, investors greeted the news warmly, propelling Sprint’s stock price up 10%.
