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Sprint reports quarterly results for Q3 2011: revenues rise, first signs of revival visible

Posted: , by Victor H.

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Sprint reports quarterly results for Q3 2011: revenues rise, first signs of revival visible
Sprint has reported its third quarter and while it's still in the red, for the 16th consecutive quarter, there are already signs of revival – the third-largest US carrier managed to squeeze net loss to $301 million, or 10 cents per share, beating estimates expectations for losses amounting to 22 cents a share. This sent the carrier's shares 4% up in pre-market tradint.

"Sprint's focus on creating the best customer experience with simple, unlimited plans and innovative products and services continues to strengthen our brand and drive positive results," Sprint's CEO Dan Hesse said. "We are adding to our customer base, our average revenue per user is increasing, and as a result our wireless revenues are growing."

Sprint's sales however fell a bit short of projections at $8.33 billion compared to the envisioned average of $8.38 by the Street.

At the same time, Sprint continued losing contract subscribers and this quarter alone contributed another 44,000 to the negative trend. Analysts here again hoped the Now Network would manage to almost close that hole to 4,300 lost subs.

What everyone expects to hear is more news about Sprint's iPhone 4S sales. The carrier inked a deal with Apple to offer the coveted handset and started offering the iPhone 4S at the beginning of the fourth quarter. Sprint didn't give any particular details about the iPhone numbers but did mention that demand has “surpassed initial expectations.” In addition, the carrier expects customers using Apple's device to be the most profitable for it.

source: Sprint

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posted on 26 Oct 2011, 07:07 2

1. arcq12 (Posts: 733; Member since: 13 Oct 2011)


Sprint, is taking it slowly and surely.

posted on 26 Oct 2011, 07:19

2. BuckeyeCadet86 (Posts: 68; Member since: 26 Oct 2011)


"In addition, the carrier expects customers using Apple's device to be the most profitable for it."

Really? They are the least profitable of the smartphone customers on Verizon and AT&T. Sprint should finally get some new subscribers from AT&T but I work at a Verizon retail store and the Sprint customers have been pouring in over the past two weeks and I'm not really sure why.

posted on 26 Oct 2011, 10:42 2

3. downphoenix (Posts: 2293; Member since: 19 Jun 2010)


its because sprint customers have some impression that Verizon and AT&T are significantly better, when its not true. All the carriers more or less are the same, in some areas it is true that one's better than the rest for coverage, etc. but the overall coverage has little difference. Fine by me, the customers that want to defect to Verizon and AT&T because of some billing issue or not being able to upgrade early or something silly like that I have are bad customers more or less.

posted on 26 Oct 2011, 11:44 1

4. MorePhonesThanNeeded (Posts: 618; Member since: 23 Oct 2011)


Garbage, they are not the same. Each has their own highs and lows. I had AT&T, Tmobile, Cingular and now Verizon, I prefer Verizon because I have yet to have any problems with their service that leaves me befuddled and calling up for any issues the reps on the line know what they are talking about and the tech support is great, these guys actually know how to troubleshoot phones. Unlimited data and text with 450 min at 59.99 on a Droid X, coupled with a network that is the most solid anywhere in the country and why would I have much of a problem? Aside from oddball weird Verizon branded applications that have alternatives, I haven't found a reason to leave verizon and go elsewhere for cell service. My buddy recently renewed his contract with Verizon with a Bionic, he absolutely loves the phone and another friend has SGSII on Sprint and well they tend to go head to head when dl content and well the SGSII barely can keep connected to WiMax, it's an awesome phone but WiMax connection isn't great on that device and we all live in NYC. Sprint doesn't know what to do, it's now scrambling to get on LTE, spent so much time crying about a merger that they are still losing customers. I'm wondering how much in the red that deal for the iPhone 4S put them? 4S is cdma so it isn't using the WiMax pipeline so they can afford to play up that unlimited data, but come next year they won't if they get an influx of customers. Still though can't fault them for sticking to their unlimited guns, very gutsy move. I applaud them, even with their missteps they continue to be a viable service and do cater to those who cannot deal with either AT&T or Verizon.

posted on 26 Oct 2011, 11:50

6. networkdood (Posts: 6261; Member since: 31 Mar 2010)


You do not have a plan for 59.99 that gives 450 minutes with unlimited text and data.....Verizon, Sprint and AT&T do not even have that. Data is 30.00 unlimited (grandfathered) on all carriers. Text is 20.00 unlimited on all carriers for one line and with Sprint and AT&T 450 min is 39.99 with unlimited mobile to any mobile.

posted on 26 Oct 2011, 11:53

8. redflag_rising (Posts: 20; Member since: 26 Oct 2011)


correct... wimax is an old technology.. sprint have just acquired it as their lifeline last year with the evo 4g.. .. wimax compared to lte, theres absolutely no argument at all that lte is faster ... but we'll see in a 2 year time frame if sprint could consolidate their network enough to catch up...

posted on 26 Oct 2011, 13:29

12. ZayZay (Posts: 556; Member since: 26 Feb 2011)


2008 is not last year.

posted on 26 Oct 2011, 14:44

17. redflag_rising (Posts: 20; Member since: 26 Oct 2011)


it means the release of the evo 4g with the wimax technology..

posted on 26 Oct 2011, 14:56

18. ngo2dd (Posts: 781; Member since: 08 Jul 2011)


Wiimax in American is slow but if you look at say Japan who still use Wiimax then it is a lot faster then the one we have here. Wiimax 2.0 can get up to 330 mbs.

posted on 26 Oct 2011, 16:09

20. redflag_rising (Posts: 20; Member since: 26 Oct 2011)


your truly correct and i dont argue with that in asia wimax is the 4g thing... but in the u.s. LTE is the thing and are doing everything just to get this technology to roll out.

having the vision network.. decommissioning iden and pushing sprint direct connect. lowering costs to maintain cdma and iden and wimax towers and combining into 1 .. charges going up activation fees, surcharges, changes in the upgrade process and removing yearly eligibilty, capped broadband services raising etf and the acquisition of the iphone

all of these are done just for them to cope up to the level of competition and could and would have the resources to fund the lte rollout... hspa+ and lte are their competition ans sprint have made a good decision to drop off wimax...

posted on 26 Oct 2011, 11:47 1

5. networkdood (Posts: 6261; Member since: 31 Mar 2010)


Customers sign the 2-year contract then complain after a year that they want another phone and want the upgrade right here and now. Usually, their phone is no longer cool or the latest or they get bored with it or it was lost, stolen, damaged. They have the audacity to tell the carrier to get them another phone or they will leave....even though they signed the 2 year contract and it was not the carrier's fault that the phone was not well taken care of. That is what my wife goes through...especially during the time when the crazed iphone call into the call center complaining about their current iphone and how they are not eligible to upgrade until a certain date. Sometimes, those same people were suspended too many times, and their upgrade eligibility date is pushed up 6 months. Those on the older contract with lower term fees probably benefit from leaving AT&T for Sprint, but then when they realize that Sprint's network is worse than other carriers, they really pay through the nose to go back. In this day of glut and wanton in the me-first generation, people are just not happy, no matter what they do.

posted on 26 Oct 2011, 13:28 1

11. ZayZay (Posts: 556; Member since: 26 Feb 2011)


Please provide evidence that Sprint's network is the worse... Please I would like to see it right now. Where is your documents proving it?

Coverage on every carrier varies.

Dead Spots in some places for At&t and for Sprint and for Verizon and must I go on??. It goes hand in hand.

Sprint has pretty much the best value for what you get. You might not agree but you OPINION is they are the worse. No fact about it.

posted on 26 Oct 2011, 13:30

13. ZayZay (Posts: 556; Member since: 26 Feb 2011)


*Your not you opinion.

I do agree that people are not happy no matter what. It's the impatience of the American society. Can't stop stupid people. Let them waist their money and get in more debt for doing so.

posted on 26 Oct 2011, 14:36

15. networkdood (Posts: 6261; Member since: 31 Mar 2010)


Sorry, I omitted for some....network is bad....

posted on 26 Oct 2011, 12:42

10. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Buckeye in real life Apple customers are the most profitable. In your fantasy world they are not.

Sprint customers walking into your store inevitably ask for the iPhone.

posted on 26 Oct 2011, 14:38

16. networkdood (Posts: 6261; Member since: 31 Mar 2010)


profitable for apple, I guess....good for verizon, too, when customers complete their contracts....

posted on 26 Oct 2011, 15:13

19. L3610n (Posts: 47; Member since: 01 Jul 2011)


No, they don't.... 99 percent of the time they ask for the EVO 4G. Which is even more annoying because we don't sell it anymore due to EOL. Second one they ask for is the Epic Touch and the iPhone.

posted on 26 Oct 2011, 13:37

14. Droid_X_Doug (Posts: 5593; Member since: 22 Dec 2010)


@Buckeye - are the new customers buying LTE handsets? In my area code, VZW has superior LTE coverage, which if you are seeing a surge in LTE handsets, could explain the sales.

posted on 26 Oct 2011, 11:51

7. networkdood (Posts: 6261; Member since: 31 Mar 2010)


I have not had Verizon since 2005, but I would not bother me to go back to them as they have a couple of smartphones that I would like to purchase.

posted on 26 Oct 2011, 12:30

9. networkdood (Posts: 6261; Member since: 31 Mar 2010)


, but it.....

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