Back in February, Leap Wireless submitted a rather alarming filing with the Securities and Exchange Commission (SEC). It had been seeing much weaker demand for the iPhone than expected, and it was only on track to sell through half of its first-year commitment.
But apparently, the problems were only temporary. Yesterday, the company—who sells the iPhone through its subsidiary Cricket Wireless—reported its earnings for its first operating quarter this year, and it told investors that it is seeing much better iPhone sales...