Prepaid Carrier Could Be Stuck With $100 Million Worth of Unsold iPhones

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Prepaid Carrier Could Be Stuck With $100 Million Worth of Unsold iPhones:


The iPhone may be popular among consumers, but it has fallen short of expectations for at least one prepaid carrier.
Leap Wireless, the company that operates Cricket Wireless, told the Wall Street Journal that it is currently on track to sell just half the number of iPhones it committed to selling in its first year contract with Apple. If that doesn't change, the Journal says Leap could wind up with $100 million worth of unsold iPhones.
Cricket Wireless started offering the iPhone last June, making it the first prepaid carrier in the U.S. to do so. Unlike the other major U.S. carriers, Cricket sold the iPhone at a higher upfront fee -- starting at $399 for an 8 GB iPhone 4 -- but then…
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