There have been many buzzes and rumors that Apple will be adding another carrier to their stable that will offer their very popular iPhone. This particular rumor has been further given weight when back in January, Apple and Verizon announced their partnership. The rumored telecommunications company that will be the next iPhone carrier is no other than Sprint, the third-largest U.S. wireless carrier.
According to a report by Barrons, an analyst from Citadel Securities named Shing Yin claimed that the possibility of Sprint to carry iPhones just before Christmas has increased. Now this is due to two reasons: first is the announcement of Verizon's tiered pricing for their data plans. Second, Sprint is a good choice for Apple because it is the only remaining carrier that offers unlimited data plans.
Citadel Securities analyst Shing Yin this morning writes that it is increasingly likely that there will be an iPhone from Apple (AAPL) for Sprint-Nextel (S), especially considering that with the inauguration of Verizon Communications (VZ) tiered pricing for data tomorrow, Sprint will be the sole remaining national carrier with an unlimited data plan offering, something desirable to Apple, he believes.
Yin also pointed out that exclusivity is not already an issue concerning Verizon and AT&T and they may not see any point in delaying the introduction of the Sprint iPhone because of legal issues. Yin claims that Sprint will want the iPhone just before the holidays and according to him, “we see little reason for Apple to hold back.”
Yin also added that Sprint is a very attractive choice for Apple because Sprint offers lower price plans which can be very competitive.
With lower prices on plans, a Sprint iPhone could offer an attractive proposition for more price-conscious users (a demographic that we think is increasingly important to Apple following the rise of Android), and could be a relatively stronger seller than the Verizon iPhone.
We believe Sprint could capture more than its fair share of iPhone sales, especially if it gets the new model at the same time as AT&T and Verizon.
With both exclusive contracts with AT&T and Verizon expired, there is simply no reason for Apple not to bring its popular smartphone to the 3rd largest carrier in the US. Especially when Android is growing at such a fast rate. How about T-Mobile, which we reported to be carrying more than a million unlocked iPhones weeks ago? It is also interesting to point out that with AT&T scrapping their unlimited data plans with Verizon expected to follow its tracks, only T-Mobile and Sprint are the carriers that offer unlimited data plans in the US.
As usual, with no reliable source and the likes, comments from analyst should not be taken with much weight. But it would be interesting to note that Yin is not the first analyst to suggest that Sprint will be carrying iPhones in the future. Back in May, an analyst of Jeffries & Co. named Peter Misek also predicted before the end of the year, the Cupertino based company will add Sprint and T-Mobile as carriers of iPhone. [via Barrons]Contact Us for News Tips, Corrections and Feedback