SEC filings have revealed that the carrier has committed to purchasing $15.5 billion worth of iPhones
as part of the long-promised $20 billion gamble
. If each handset costs around $630 at trade, then we're talking about the network holding nearly 24 million units. Given that the company most recently ate a loss of $1.3 billion
, most of which was caused by carrier subsidies for the 4S, there's a genuine fear that the company won't be able to make enough back on each customer to offset the initial outlay. Given the Baller-style purchasing decisions of Dan Hesse
of late, we'll be watching how this unfolds with great interest and our fingers very firmly crossed.