Sprint: iPhone to be very profitable in the long run

The iPhone has not only brought in big bucks to Apple but also to other companies as well, specifically speaking the telecommunication carriers. This has been said by Sprint, one of the few companies that are selling the iPhone in contracted plans.

Although Sprint is said to lose $200 initially for every iPhone purchased by its customers due to the subsidy given to the customers by them, they said that in the future, the money will roll back to them due to the plans that the customers are tied with. However, it is expected that with the new iPhone being available to the, it is said that they will have a revenue increase by $7 billion and $8 billion. Sprint is currently under a four-year contract with Apple on which they will have the rights to sell the current iPhone 4S as well as any other iPhone versions in the future.

Previously, the iPhone was not made available to Sprint nor any other telecommunication companies as Apple had signed an exclusivity contract with AT&T which gave them the sole distribution rights in the United States. The contract has finally ended and now other companies in the US are free to sell the iPhone to their customers.