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Sprint has best quarter since 2006 in net subscriber additions, still posts a loss

Posted: , by Daniel P.

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Sprint has best quarter since 2006 in net subscriber additions, still posts a loss
Sprint posted its Q3 2010 results saying that it had its best quarter since 2006 in terms of net subscriber additions. The carrier had 644,000 subscribers added to its customer base. This has been the fourth quarter in a row, where Sprint attracts more customers than those who leave.

Sprint is largely attributing these numbers to the added business coming from people hopping on the smartphone bandwagon, because of exclusive handsets like the HTC EVO 4G, and the Samsung Epic 4G. Pretty explicable, considering the legendary status the HTC EVO 4G has received with Android fans, and the fact that the Epic 4G is the only Galaxy S version with both a physical keyboard, and a camera flash.

The fourth quarter will be challenging as the other carriers have caught up in Android offerings, and are also having the Samsung Galaxy Tab tablet for their own networks. We hope Sprint has some aces up its sleeve as well, since the carrier still suffered a net loss of $911 million, mainly due to reduced values for tax-related assets that the company can move forward to offset future earnings.

The carrier had 48.8 million customers in total at the end of September, almost twice less than what Verizon and AT&T are having, at 93.2, and 92.8 million subscribers, respectively. While the two large carriers are tied neck and neck for the first place, Sprint has been gradually improving its customer service, phone portfolio and unique features such as Sprint ID, and this will surely pay off in the longer run.

source: Sprint

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posted on 27 Oct 2010, 14:20

1. theBankRobber (unregistered)


With PC Magazines putting both Epic 4g and Evo4g as the best smartphones this year, along with Sprints price point, i can see why. I'm very happy for them, as a sprint customer, they have given the best customer service and best and fastest updates for the Evo. But on the other hand, Samsung is dragging its feet with the Epic. They should be on top of there game getting that phone more updates and froyo. Trust me if froyo can make the Evo great, just wait to see how much more of a beast the Epic will be. Sprint FTW

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