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Sprint To Sell the iPhone 5 [REPORT]

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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%.

More About: att, iphone, Sprint Nextel, T-Mobile, verizon

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