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Wednesday, April 7, 2010 as of 11:14 AM ET

Dan Hesse

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Daniel R. Hesse (born c. 1953) is the chief executive officer of Sprint. He is also a spokesperson, as he is the voice in Sprint's "Simply Everything" commercials.

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Sprint Won't Turn a Profit on the iPhone Until 2015

Sprint's costly $15.

5 billion gamble on Apple's iPhone won't pay off until 2015, according to CEO Dan Hesse. At that time, however, the iPhone will be "quite profitable," and the company is "very happy" with the deal despite conflicting reports, AllThingsD said.See more tech stories on the FOX Business Technology homepage.Hesse sees the iPhone as a long-term investment that will slow subscriber defections and attract new customers. "We believe in the long term," the CEO said. "And over time we will make more money on iPhone customers than we will on other customers." Sprint sold 1.5 million iPhones in the first quarter of 2012, and while the number doesn't approach AT&T or Verizon's sales, 44% of Sprint's iPhone sales were made to new customers.This content was originally published on BGR.comMore news from BGR:Apple, on Siri complaints: Buy a different phone Microsoft leading Apple and Google in TV race 'iPad mini' coming this fall, report claims...

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  1. Sprint Says It Limits Data for 1% Of Unlimited Customers

    Sprint Nextel Corp. (S), which boasts in advertisements about its "truly unlimited" network, actually limits usage for some smartphone customers who dial up excessiv...

  2. Sprint Outlines iPhone Plans, Shares Plummet

    Sprint Nextel Corp declined to detail its commitments to Apple Inc for selling the iPhone and said its financial forecast does not include iPhone costs.Sprint shares...

  3. Sprint to 'Bet the Company' on iPhone

    With the new iPhone coming out this week, Sprint Nextel Corp. is finally expected to gain access to a device it has long coveted -- but at a staggering cost.The No. ...

  4. Sprint CEO Suggests Only Sprint Can Buy T-Mobile

    Sprint CEO Dan Hesse has been an outspoken opponent of AT&T’s proposed $39 billion acquisition of T-Mobile USA since it was announced earlier this year. Hesse has re...

  5. 2Q Loss, Subscriber Defections Send Sprint Tumbling

    Nearly one-fifth of Sprint Nextel’s (NYSE:S) market cap evaporated on Thursday as shareholders express concern about the wireless provider’s deeper-than-expected los...

  6. Gingerbread-Powered Motorola Photon 4G Hands-On

    While it just was made official moments ago by Sprint CEO Dan Hesse and Motorola CEO Sanjay Jha, we were able to snag some hands-on time with the 4G beast earlier th...

  7. Sprint Cries Foul Over Rivals' Mega-Merger

    Sprint Nextel Corp cried foul over a planned merger between AT&T Inc and T-Mobile USA, saying the deal would stifle competition and potentially hurt its profitabilit...

  8. Sprint cries foul over rivals' mega-merger

    By Sinead CarewORLANDO, Florida (Reuters) - Sprint Nextel Corp cried foul over a planned merger between AT&T Inc and T-Mobile USA, saying the deal would stifle compe...

  9. After T-Mobile Deal, What Now for Sprint?

    AT&T’s (NYSE:T) surprise $39 billion takeover of T-Mobile has left Sprint Nextel (NYSE:S) reeling by removing a potential dance partner and shoving it even further a...

  10. Despite Red Flags, T-Mobile Sale Should Receive Green Light

    AT&T’s (NYSE:T) $39 billion deal to snatch up T-Mobile appears likely to narrowly overcome intense regulatory scrutiny despite already ruffling the feathers of compe...

  11. Sprint Boosts 4Q Subscribers, Revenue

    Sprint CEO Dan Hesse on the company's growth in subscribers and the challenges competing against Verizon and AT&T.

  12. Sprint Starts to Regain Subscribers, Narrows 4Q Loss

    Sprint Nextel (NYSE:S) revealed on Thursday a narrowed fourth-quarter loss, as its 4G devices continued to rake in new customers, leading the company to book its str...

  1. Sprint Executives Defend $15.5B iPhone Deal

    Sprint Nextel Corp. (S) defended to shareholders its deal with Apple Inc. (AAPL) to buy $15.5 billion in iPhones over the next several years, saying the commitment i...

  2. Satisfaction With AT&T Catching Up to Verizon

    Satisfaction among the top four carriers in the U.S. seems to be evening out as Verizon continues to lose some of its lure due to fees, and smaller rivals Sprint and...

  3. Mobile Industry Faces Spectrum, Deal Paralysis

    Complaints about the shortage of wireless frequencies and a need for U.S. mobile carriers to consolidate will dominate the industry's largest annual gathering next w...

  4. Sprint Reverts to Familiar Theme: Contract User Losses

    After riding the new iPhone to a rare gain in valuable wireless phone customers at the end of last year, Sprint Nextel Corp. (S) reverted back to a net loss in contr...

  5. Sprint Shares Soar on 1Q Results

    Embattled Sprint Nextel (NYSE:S) suffered a deeper loss in the first quarter, but the company's results were better than many on Wall Street had expected.Shares of t...

  6. Sprint CEO Defends Decision to Bet it All on iPhone

    Sprint chief executive Dan Hesse is being watched closely by the company’s board of directors, but the CEO has to answer to investors and subscribers as well. Last y...

  7. Sprint Merges Consumer/Business, Ousts 4 Executives

    Sprint Nextel, the No. 3 U.S. mobile service, is merging sales and marketing for its business and consumer operations as part of a streamlining that includes the dep...

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