J.P. Morgan's Philip Kusick isn't buying yesterday's WSJ report about Sprint (S -7%) committing...

|About: Sprint Corporation (S)|By:, SA News Editor
J.P. Morgan's Philip Kusick isn't buying yesterday's WSJ report about Sprint (S -7%) committing to $20B in iPhone (AAPL) purchases, noting the commitment might represent 37% of Sprint's phone sales over the next 4 years. He's also skeptical about Sprint's reported per-iPhone subsidy of $500, given its Android (GOOG) subsidies are much lower.