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AT&T matches Verizon's $650 offer to swap carriers
AT&T has announced that it'll hand you up to $650 in credit should you choose to switch from another mobile carrier. If you're prepared to jump through the various hurdles, you'll be entitled to a pre-paid gift card equal to the value of your ETF or device balance. In addition, the network is letting you pair the deal with its buy one, get one free offer, enabling you to grab two shiny new devices at the same time. The offering is the latest in a long series of credit offers, with Verizon pushing its own offer to $650 last December.
Sprint reveals it spent $15.5 billion to fuel its iPhone hunger
Sprint's 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.
