The WSJ reports Sprint (S -8.1%) will make a staggering $20B bet on the iPhone (AAPL -1.8%) with...

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

The WSJ reports Sprint (S -8.1%) will make a staggering $20B bet on the iPhone (AAPL -1.8%) with a long-term high-volume agreement. According to the report, Sprint doesn't expect to break even until 2014 on the deal and will deeply subsidize each phone sold.