It was definitely a time over at Sprint the last few Months, now I didn’t say a good time, cause it’s a mixed bag, apparently there are quite a few costs that comes with launching an iPhone, they took a 1.3 Billion Dollar Net LOSS…WHOA, but after the Jump you can see the upside to all of this.
Now if you’re really into business, you can read through the Press release below, All I know yes they took an overhead hit, but they are also setting up for a clean ride into the future. Their Operating Revenue has now seen it’s largest bump in 5 years!! They saw $8.7 Billion, up from $8.3 Billion, which came from them adding 1.6 Million New Customers in just a few months, putting them at 55 million subscribers, 33 million postpaid, 14.8 million prepaid and around 7.2 million arriving from wholesale. The took 40% of the iPhone 4S sales.
And now that their building costs are out the way, and they are partnering up with Clearwire for a 4G future of capabilities, they ‘clearly’ have a shot of getting closer to the top!!
Sprint Nextel Reports Fourth Quarter and Full Year 2011 Results
Quarterly year-over-year Sprint platform postpaid ARPU growth of $3.69 is the best on record in the industry
Largest sequential increase in net operating revenues in more than five years
Sprint serves more than 55 million customers â€“ highest level ever
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