Today’s Sprint iPhone 5 news hit at around 3PM Eastern (well unless you count June) which sent Wall St. scrambling.  Immediately, traders hit Sprint shares driving the third biggest US Wireless company up over 10% in just minutes.  It’s not just gravy for Sprint, however, Apple Bull Gene Munster estimates that Apple can now count on selling 6 million more iPhones.

AAPL was also up on the news with the broader market.

Why does anyone care about Sprint?  Well, Sprint has lower data costs, and offers truly unlimited data plans.  They also have two of the more popular Pre-paid options in Boost and Virgin Mobile.  Sprint also offers integrated Google Voice (if you are into that sort of thing).

One thing most people don’t expect however is to see a 4G WiMAX iPhone.  The chips, costs and battery sacrifices aren’t something that Apple has done in the past, especially for a relatively small market.  Still, it’s not out of the realm of possibility.

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