LYNN NEARY, Host:
NPR's business news starts with Sprint gambling on the iPhone.
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NEARY: The nation's number three mobile carrier is betting its future on a major deal with Apple. The Wall Street Journal reports that Sprint has committed to buy more than 30 million iPhones. Apple is unveiling its latest version of the smartphone today. Large volume deals are typical of the way Apple does business, but this would be the first time Sprint is putting the iPhone in its lineup.
It's a risky move for a company which has been losing money and customers. According to the Journal, Sprint would have to double its number of contract customers to sell all those iPhones.