MetroPCS added record number of subscribers in the first quarter

MetroPCS added record number of subscribers in the first quarter
A recession is usually bad for business, especially when it comes to cellphone carriers with their monthly charges, overage fees and rates for data plans. On the other hand, a poor economy is good news for at least one networker. MetroPCS reported this morning that the number of subscribers in the first quarter jumped 51% from the total at the end of last year's first three months. This was the third straight quarter of growth for the regional carrier and the 684,000 net new customer additions was a record for the firm and was a lofty 32% above the net additions posted in the prior quarter. The churn rate rose 1% to 5% in the period. Chief Executive Roger Linquist said the company  was off to a "very strong start" this year. Offering a flat rate unlimited calling program, MetroPCS usually benefits from bad economic periods when high cellphone bills force consumers to start shopping for the lowest price rather than looking for extra services.

source: WSJ

FEATURED VIDEO

8 Comments

1. vzw fanman

Posts: 1976; Member since: Dec 11, 2008

its because our economy is going down so people resort to metropcs bc its cheaper

2. attsucks

Posts: 139; Member since: Mar 24, 2009

Wow it kind of said that in the article.

3. Jyakotu

Posts: 867; Member since: Dec 12, 2008

Pretty much. And plus, they're about to get their first touchscreen phone soon. And I guess $349.99 isn't that expensive since people will be getting unlimited whatever. Guess prepaid is the way to go during this recession.

4. attsucks

Posts: 139; Member since: Mar 24, 2009

Yeah thats what it is boiling down to. The economy will take forever to start getting better. Im wanting another job but cant find one im happy i have one but i need more money. They should give one million dollars to every tax payer instead of bailing out the big companies. Just imagine hoe much better it wuld be. People could retire and make jobs for the next generation no more foreclosures it would be perfect. To bad nothing like that would happen.

5. artz1986

Posts: 453; Member since: Mar 11, 2009

..you do know that if they gave every tax payer $1 million the country would be beyond broke, right? Inflation would shoot through the roof, and the only way we could stop the downward spiral is to turn into a communistic country and ration everything, from money to goods.

6. attsucks

Posts: 139; Member since: Mar 24, 2009

No way there arent that many people in the country but o well. I just thought it would be a good idea. Everyone can laugh it dont matter to me.

7. thearson87

Posts: 1; Member since: Apr 07, 2009

Yeah, because 300 trillion dollars is something we can just shell out. HA... I wish...

8. Kiltlifter

Posts: 742; Member since: Dec 11, 2008

attsucks, you are blatantly stupid. You might as well have opened up your statement saying, "Me got 500 on my SATs score," or "VZW FTW< BB STORM OWNAGES ROLFAMLKJSDL:KFJSL:DFJKSL:DKJL:K!" I don't think you understand anything about anything, let alone economic cycles, and basic theories of economics. More money for everyone, means everything gets more expensive. MetroPCS is not a real competitor in the cellular market, but they hope that offering an unlimited plan cheaper than others they can reach a decent marketshare to become profitable. This is good for the whole industry. If they succeed then all firms will have to lower to match or fear being driven out of the market. Sprint has already tried this and even they are losing market share to ATT (yes even att you rmoron) and VZW.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.