Well this is some bad news for Apple shareholders
Leap Wireless, which runs a pre-paid cellphone 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 has a many iPhones as it committed to selling in a contract with Apple.
BTIG Research’s Walter Piecyk dug up Leap’s filing.
