Click to Skip Ad
Closing in...
  1. Amazon Gift Card Promotion
    14:41 Deals

    Amazon’s giving away $15 credits, but this is your last chance to get one

  2. Self-Emptying Robot Vacuum
    16:11 Deals

    Amazon coupon slashes our favorite self-emptying robot vacuum to its lowest price ever

  3. Amazon Deals
    07:58 Deals

    10 deals you don’t want to miss on Saturday: $5 Alexa smart plugs, $110 electric sta…

  4. Amazon Deals
    07:59 Deals

    10 deals you don’t want to miss on Sunday: Rare Nest Thermostat sale, Alexa in your…

  5. Best Sleep Aid Products 2021
    13:11 Deals

    Save $375 on the Amazon find that helps me sleep better than anything else




iPhone sales falling 50% short of obligation at Leap Wireless

Dan Graziano
February 27th, 2013 at 5:40 PM
iPhone Sales Leap Wireless

In a recent filing with the Securities and Exchange Commission, Cricket owner Leap Wireless (LEAP) indicated that iPhone sales have fallen short of its expectations. The carrier revealed that it is on pace to purchase only half of its first-year commitment from Apple (AAPL) through June 2013. The information in the filing contradicts earlier statements made by the company’s chief financial officers Jerry Elliot. The executive previously said that “sales of Apple devices were pretty good in the fourth quarter” and the carrier wasn’t concerned about meeting its commitment with Apple. As noted by BTIG Research analyst Walter Piecyk, Leap could now be on the hook for $100 million of additional iPhone purchases in 2013 and $450 million over the course of its three-year contract.




Popular News