Some mobile carriers depend on the kind of smartphones that they carry in order to make even more money by snagging new subscribers who cannot wait to pick up the device, even more so when said device is available exclusively only to a particular mobile carrier. Remember when AT&T was the sole carrier in the US to offer the Apple iPhone? That certainly drew a whole lot of subscribers to the mobile network for sure. Well, Leap Wireless came to an agreement with Apple in June last year, where they signed a contract with Apple in order to purchase close to $1 billion worth of iPhones ($900 million to be exact) over the course of three years,
According to Leap CEO Doug Hutcheson, he claims that they are offering a device financing program to help sell additional units of the iPhone, with the company in line to roll out another phase of the financing program which will see it expand to cover two-thirds of those switching over to Leap from post-paid carriers. Regardless, the recent increase of iPhone sales will not change Leap Wireless’ mind to purchase additional iPhone units other than the ones that they have already agreed to pick up. There is an expected drop off of iPhone sales this spring according to an analyst.
Filed in . Read more about iPhone.