[credit provider=”Kevin Smith/Business Insider”]
Well this is some bad news for Apple shareholdersLeap Wireless, which runs a pre-paid mobile phone brand called Cricket, just warned its own shareholders that, after making a very large bet on iPhones, it’s having a very hard time selling them.
Leap says it could end up with $100 million worth of unsold iPhones – and that it’s on pace to sell as many iPhones as it committed to selling in a contract with Apple.
A lot of it falls on Leap, which can’t sell its iPhone in every market due to technological constraints.
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