AfterDawn: News

Sprint posts better earnings

According to Sprint's latest quarterly earnings report, earnings improved although the company did post a large loss.

The company saw a net loss of $767 million, down from $1.38 billion last quarter.



Furthermore, the carrier added 410,000 subscribers, slightly down from last quarter's 442.000 gain but still healthy.

Sprint's biggest bet in history, the iPhone, saw 1.5 million units sold during the quarter, same as last quarter. Last year, the company made a massive $15.5 billion investment with Apple for four years worth of iPhones. CEO Dan Hesse admitted that the carrier had to pay Apple a 40 percent higher subsidy than Verizon and AT&T.

Major Japanese carrier recently announced its intention to purchase Sprint for $20.1 billion.

Written by: Andre Yoskowitz @ 25 Oct 2012 20:33

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• 1 comment

• jookycola

  I hated Sprint in the early 2000's the service was so-so, the customer service was laughable, if the bill was 5 minutes late being paid they shut you off and made you pay fees through the nose to have it turned back on and they were so rude about it. They were half assed, greedy, arrogant bastards that treated people like pieces of shit. THAT'S why they lost customers en masse in the mid 2000's.
  
  But I couldn't deny they had the best plans available today. truly unlimited text/call/data plans for much less than anybody else. but I was really weary of ever giving them another shot. But I can honestly say I'm glad I did. they took a real beating from customers that humbled their arrogant, greedy asses and learned a lesson in humility and are actually the best service I've had in a while. with their real unlimited plans I can't understand why would anyone wanting an iphone go anywhere else.
  
  Sprint should be doing better, but I'm kinda glad they aren't because it keeps them honest.
  

  
  

  26.10.2012 09:24 #1