Sprint posts wider loss in Q2 as subscribers flock to other carriers

Sprint has reported its financial results for the second quarter of the year and things are not looking any better for the carrier: it registered its 15th consecutive quarter in the red losing over 101,000 subscribers and likely hurt by…
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50 Comments

16. ThePhoneGuru unregistered

I am a Sprint fan, but that sh*t was funny as hell. LOL!

17. zuno gyakusatsu

Posts: 257; Member since: Mar 16, 2010

funny, ive had sprint for about 6-7 years, and been all over the country and have yet to have a single issue indoors or outdoors. the reason people are leaving? their completely stale line up of devices. you have 20 different android devices, 1 wm7, and 2 blackberries to choose from. get more variety and maybe people will start coming back or some new customers will flock in. im a sprint fan, but this problem is really driving me away from them.

13. box unregistered

I'm sorry, but "likely hurt by the Apple iPhone's availability on both Verizon and AT&T", as stated in the article, is pure iphonearena BS. It's more probable the loss was due to inflated pricing, a stale lineup of phones, and the newsworthy strategy shift from WiMax to LTE, as well as normal churn rates

15. duder unregistered

Wow phone arena again proves that it has no idea what is talking about i read thier article and they had net adds......

20. networkdood

Posts: 6330; Member since: Mar 31, 2010

The real story: Sprint Nextel Q2 Loss Widens, Adds 275,000 Postpaid Subscribers – Sprint Nextel today reported that its second-quarter net loss widened to $847 million or $0.28 per share, from $760 million or $0.25 per share in the same quarter last year. However, the company added nearly 1.1 million total net wireless subscribers primarily driven by net prepaid subscriber additions (net postpaid additions for the Sprint brand were 275,000). The company achieved its best ever postpaid churn of 1.75 percent and the lowest prepaid churn in almost six years at 4.14 percent. The company continues to expect net postpaid subscriber additions for the full year 2011 and to improve total net wireless subscriber additions in 2011, as compared to 2010. Additionally, net operating revenues for the quarter rose to $8.311 billion from $8.025 billion in the prior year quarter. RTT News.

22. networkdood

Posts: 6330; Member since: Mar 31, 2010

Guess it depends on the wording, huh?

27. corps1089

Posts: 492; Member since: Jan 20, 2010

Yeah, the overall is much better than what was highlighted in the post...

34. snowgator

Posts: 3614; Member since: Jan 19, 2011

You are completely correct, networkdood. I feel like going back and thumbing down my own post from earlier, a complete knee jerk reaction on my part. Anyone who has paid attention knows how much improved Sprint is. Most of their customers are very happy. The iDEN network is a drain on them, and is why the profits look less then great even as they steadily improve. My bad, Sprint.

50. Victor.H

Posts: 1045; Member since: May 27, 2011

Thanks for your opinion, networkdood, but I beg to disagree. While that all Sprint PR talk is true, it seems far from addressing the real issues and the market agreed by wiping all of Sprint's yearly gains right after the release of those results. Feel free to check out this brilliant translation from press talk to what it really means, spiced up with some humor here:http://blogs.wsj.com/marketbeat/2011/07/28/translation-time-sprints-sunny-press-release-and-its-shares-17-slide/ As to the editor's job, you can always send out a resume here:http://www.phonearena.com/jobs

21. networkdood

Posts: 6330; Member since: Mar 31, 2010

Nice job phonyarena...you should make me the editor...

32. spanky

Posts: 81; Member since: Jun 02, 2011

^if this is what we can expect from their editors, im down for making networkdood an editor

35. networkdood

Posts: 6330; Member since: Mar 31, 2010

+100....

23. vercetti unregistered

"well your network is the worse in the country. sprint has always had a crappy network. not reliable. and the phone plans are as expensive as verizon. combine that with outsourced phone service and s**t phones and you've got one disaster in the making!!! your image is kinda ghetto as well, your stores are always full of crusty looking people that seem like there service got cut off again. just saying." you seem to be 0/3 Sprint has many awards in 2010 for its network including the 2nd best drop call rate of all carriers. I am in cust service, also ranked tied #1 with verizon, we are state side along with 3)+ other centers, and the store reps are fine looking that I have seen. A plan with sprint is $79.99, the saem plan with like features at verizon is $119.79.....thanks play again

25. E.Graves unregistered

Could it be that the prepaid customers flocked to post paid, or how bout the iden customers flocked to cdma for sprint. are the numbers really representative of what actually happened. I mean you can't really know who left and actually went to another carrier but they do know who just which from one sister company to the other.

29. Bacon Hat unregistered

"Nextel and iDEN customers" though those douches are the most loyal customers with that push to talk crap. "Where ya at?" bs is whats bogging down Sprint and having to support them brings down the carrier. Last time I talked to Customer Service they didn't have an accent, so STFU on former customers from 6 years ago, Sprint fixed that s**t already. Even got an offer on a free wifi signal booster that ALL carriers then to push to keep customers.

40. donpeppino9

Posts: 67; Member since: Jan 24, 2010

i left sprint after 8 years of service and moved to att to take advantage of phone freedom that a gsm carrier offers and better reception. sprints reception was ok but indoor reception was very inconsistent and in downtown chicago it sucks! also they removed the unlimited international data roaming plan for blackberry users so now its $20 per mb! no thank you, att is where i am now.

43. dj unregistered

where is richardyarrell2011 typing in all caps about how sprint has multiple dual core processor monsters (including hero 4g) and is kicking carrier butt all year? 327,000 customers seem to disagree.

45. InspectorGadget80 unregistered

You can only get 4g in Major cities. Why not n i meant to EVERY CARRIER SPREAD OUT YOUR 4G network to every cities not just the capital n second big city then may be you guys can make more money n give us more use of the 4gbest network n HPSA+.

46. InspectorGadget80 unregistered

Sorry did a typo on my phone

47. Dj21o

Posts: 437; Member since: May 19, 2011

I personally cannot stand having just Android as an alternative. I would like to go to WP7, but Sprint cant seem to get their heads out of their asses and sponsor a phone with good quality. I'm sick of waiting to get a decent phone that is already being offered on other carriers *cough, ATT, cough* It's complete bull, and I am more than ready to switch. Why I want to switch: 1. The almost all Android collection 2. I want a WP7 (for MONTHS now) 3. My service is GARBAGE everywhere I go 4. Paying 120.00 extra a year for no 4g Thanks Sprint.
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