Sprint reports its first quarter in two-years with gains in net new postpaid phone subscribers

For the quarter, revenues declined 6% to $8 billion due to customers switching to rate plans with phone financing options. Sprint reported a Net loss of $585 million, or 15 cents a share. Last year's fiscal second quarter saw Sprint report a loss of $765 million or 19 cents a share.
"As seen in our quarterly results, American consumers are happy to switch to Sprint because they appreciate great products and great service at a great price. This quarter marked an inflection point in our turnaround journey, as we achieved positive postpaid phone net additions for the first time in over two years. In addition, we set another record low for postpaid churn and improved sequentially in the September quarter, something no US carrier has ever done before."- Marcelo Claure, CEO, Sprint
Sprint is struggling to find its identity in a competitive market. Recently though, the carrier received some negative attention by promoting a $20 rate plan as being unlimited, even though just 1GB of high speed data is available to plan subscribers each month.
source: Sprint via AndroidCentral