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Sprint reports $1.4 billion loss in Q2 due to Nextel unwinding and iPhone subsidies

0. phoneArena posted on 26 Jul 2012, 06:50

If it wasn't for such expenses, Sprint actually had a pretty good quarter, adding 442, 000 net subscribers, and logging its best ever quarterly churn rate of 1.69. The company took in $7.3 billion of revenue in the quarter, an 8% increase over Q2 of 2011...

This is a discussion for a news. To read the whole news, click here

posted on 26 Jul 2012, 12:11 1

18. Carlitos (Posts: 553; Member since: 23 Oct 2011)

How come they never mention how many Android handsets they sell? Is it like forbidden.

posted on 26 Jul 2012, 15:24 2

27. Sprintfan (Posts: 68; Member since: 18 Nov 2011)

Why is Sprint stock up 20% today? Why has sprint gained more growth in stock % than all the cell companies this year? Why is Sprint adding more customers than they are losing for Sprint post-paid? Why has Sprint had the biggest turn around in Customer Service between all buisness in American history? Why did Sprints average payment of a customer go up larger than any cell phone company in history? Why does Sprint have the the largest pre-paid customer base? Why is Sprint building the most advanced network in the world along with the best and fastest unlimited LTE?

The amount of people in this thread all saying these results are from iPhone is laughable. The article is about the quaterly earnings. None of you know the details of the contract made with apple was and how it effects Sprints earnings and losses. The only thign stated was the amount used to purchase devices and the subsidy cost went up $400 million. With which is acceptable based on the amount of customers added.
Haters gunna hate.

posted on 26 Jul 2012, 22:09

30. CRICKETownz (Posts: 980; Member since: 24 Oct 2009)

Is a stock currently worth $4.05 worth talking about? that's like going from a train wreck to pitiful. Prepaid customer base, in the bigger scheme of things, is not exactly a cash cow. Just ask Virgin Mobile, tracfone, etc. Adding more subscribers than losing is good but unfortunately keeping them so far behind the competition that its not relevant. Still offering unlimited data doesn't create a win b/c the customer base using 500MB-1.5GB vastly outweighs those power users. Customers switching carriers is a constant revolving door for various reasons, some network related & some relations-related. Do you think that those who are further along than Sprint in their LTE technology are going idlely sit by as they build this fastest and best (according to your post) LTE? Sprint's playing catch up which we ALL knew would happen as they went for WiMAXX to be known as the first to offer 3G+ & figure the rest out later...let's not forget that. Now it seems like we are approaching "figure it out later". You bring up valid points in the strides Sprint has made...but your facts are comparing mole hills to mountains. The positives that Sprint has made recently aren't significant enough to make an impact at this stage in the game.

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