The iPhone 5 is already sold out at many East Coast Sprint (S +4.1%) stores, a company rep tells...

|About: Sprint Corporation (S)|By:, SA News Editor

The iPhone 5 is already sold out at many East Coast Sprint (S +4.1%) stores, a company rep tells AllThingsD. That could be helping Sprint, which has committed to buying $15.5B worth of iPhones through 2015, rally. 4G partner Clearwire (CLWR +4.2%) is also up, even though the iPhone 5 won't use Clearwire's network for now. The phone's LTE modem and 4" display could make Sprint's unlimited data plans more appealing. But Sprint's LTE coverage is a work-in-progress. (early sales)