SPRINT NEXTEL (S): OUR TAKE FROM SPRINT CONFERENCE CALL
Sprint Nextel (S ) says on the conference call that the reason for the churn was lack of iPhone. Sprint further adds that iPhone will be huge for cash flow and will be very profitable. Sprint stock has moved up on these predictions. We agree that iPhone will reduce churn. However it is difficult to see Sprint taking any market share away from AT&T (T) and Verizon (VZ). There are also reports that Sprint has made a $20 billion commitment to Apple (AAPL). There are no details, so it is difficult to analyse