The Wall Street Journal reported on Tuesday that Sprint will join Verizon and AT&T in selling the long-awaited Apple device. This move comes after Sprint lost $847 million in its recent quarter. Sprint, like T-Mobile, has suffered the negative consequences of the lack of access to the iPhone, widely known as the best-selling phone on the market.
It was predicted back in May by Peter Misek,an analyst with Jeffries &Co., that Apple will announce new distributors for its iPhone, not only with Sprint ,but also with T-Mobile.
Investors are welcoming the news with open arms, rocketing Sprint`s stock price up 10%.
