Sprint Announces Least Awful Quarter In Years

Posted: Oct 29 2009, 12:04pm CDT | by , Updated: Aug 11 2010, 5:10pm CDT, in News | Technology News

 
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Apparently, the Pre has helped Sprint's bottom line. The company posted its Q3 numbers today, and its losses were lower than they have been in years. They had a net revenue of $8 billion, with losses of "only" $478 million.

For most companies, posting half a billion dollars in losses isn't something to celebrate. Yes, things at Sprint really have been that bad. They lost another 135,000 subscribers this quarter, which at least represented a 20% reduction in subscriber losses over their last quarter. Things are getting better for the ailing carrier, but they're far from out of the woods yet. Sprint is still hemmoraging money and subscribers. The fact that they're doing it less now than they were at the start of the year is hard to get excited about.

On the plus side, this bodes well for the Palm Pre. Sprint gave the new smartphone some of the credit for their recent reversals of fortune, and they expect the Pixi to help even more. I have no doubt that Palm smartphones will continue to sell well. The big question is, will they sell well enough to finally pull Sprint up out of this nose dive?

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<a href="/latest_stories/all/all/5" rel="author">Robert Evans</a>
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at robert@i4u.com.

 

 

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