Cricket Wireless selling iPhone 5 seems not popular.
Sales of iPhone 5 with Cricket Wireless is not that high as it is expected by the carrier. The smartphone sales at $500, however there is no agreement involved for this.
iPhone 5 has raised high expectations when it comes to sales. But so far, Leap Wireless is not convinced by this. For now, a prediction of $100 million worth of unsold stock is presented come this summer. On a previous 10-SEC filing, the carrier is anticipated to sell about half of its expected devices.
In 2012, the carrier signed a pledge with the iPhone maker, Apple Inc. for three years. Last month, Cricket begun marketing its smartphones. As included in the contract, Leap will have to acquire a lot of Apple phones even if they do not sell them.
Moreover, Leap justifies that with the existing rate of their purchase, the company is projecting that they will buy roughly one-half of their first-year minimum purchase commitment until June of next year. He further added that if Apple will be requiring Leap to meet the yearly minimum commitment in each of the contracted three years, then their estimations would be to require a purchase of roughly $100 million of added iPhones in the middle of 2013.
The probable choices comprise of financing or leasing programs, wherein it would spread out the payments over a monthly-basis payment.
The company also considers to lower the iPhone 5 price.