Apple Inc. dominates the tech world with all new never-before-seen innovations, and Sprint – the #3 wireless carrier in the U.S. – is struggling to make ends meet. The Wall Street Journal officially reports a Sprint payout to Apple, which seems bogus to followers worldwide.

On this day, October 3rd, in 2011, Sprint, a competing wireless carrier in the U.S., is rumored for shelling out $20 billion to Apple for exclusive rights to the iPhone 5. For the next four years Sprint is claimed to own all the rights to the iPhone 5 and its sales.