The Wall Street Journal has some interesting news today, from Leap Wireless, the company behind Cricket. According to the report, $100 million worth of iPhones is what the company is now stuck with because the devices have not been sold. A problem could have been what the device was priced at. Starting at $399 for the 8GB iPhone 4, it’s now obvious that people would rather pay a little more for their wireless contracts and get the iPhone for cheaper as opposed to have a cheap contract and an expensive iPhone. The plans that Cricket offers are as small as $55 a month, however, as stated previously, the devices start at $399. Leap Wireless is only in its first year of contract with Apple, so it will be interesting to see where this progresses.
What do you think? What will Leap do with the devices? Should it lower the prices? Let us know in the comments, or tweet me @TiP_Kyle.