Sprint picks up iPhone, steam
The George Harrison of carriers issued its quarterly report yesterday and things are looking up in terms of subscribers. Sprint added 1.3 million subscribers and that was before the addition of the iPhone to the lineup.
"Growth in Sprint brand net additions was achieved without the benefit of Apple's iPhone 4S and iPhone 4, which launched Oct. 14," Sprint said adding that the iPhone should add to the company's base and that "iPhone users are expected to be among Sprint's most profitable customers."
On the earnings front, Sprint reported a net loss of $301 million, or 10 cents per share, on revenue of $8.33 billion. That compares to a loss of $911 million, or 30 cents per share, on revenue of $8.15 billion in the year-ago quarter. Also, the company said it posted a positive $208 million in operating income, compared to a $213 million operating loss a year ago.