Holiday Gift Guide »

Sprint Q2 Revenues down 10%, Loses Quarter-Million Subcribers

By: , IntoMobile
Wednesday, July 29th, 2009 at 11:25 AM

Sprint

Sprint’s quarterly report is looking relatively rougher than Rogers‘. Net revenues are down $384 million, a 10% year-over-year loss putting them at the $8.1 billion mark. 257,000 subscribers left Sprint in the last quarter, resulting in a net total of 48.8 million wireless customers. On the plus side, net debt decreased $700 million to $16.4 billion, and churn continued its decline to 2.05%, although that’s little consolation given the other numbers. As for the Palm Pre’s performance, CEO Dan Hesse said it was their smoothest launch to date, despite reports that return rates are in the region of 40%. Sprint recently bought up Virgin Mobile U.S., which will likely boost Sprint’s dwindling prepaid numbers in future quarters. So, what’s to look forward to? WiMAX rollouts are underway, which hold a bright future for mobile broadband, if not handsets, and we’re hearing they’ll be bringing Android to the party before the end of the year.

Take a look at Sprint’s rapidly dropping stock on our finance page, or comb through the numbers in their Q2 2009 financial report.

About The Author

Simon Sage

Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.

  • YourAnAsshole

    You are a fucking asshole.

    “Take a look at Sprint’s rapidly dropping stock on our finance page, or comb through the dismal numbers in their Q2 2009 financial report.”

  • Shimmy

    So what? It’s true. Financially, Sprint has had a dismal last couple of years.

    But like Simon said, they do have some things to look forward to:
    “So, what’s to look forward to? WiMAX rollouts are underway, which hold a bright future for mobile broadband, if not handsets, and we’re hearing they’ll be bringing Android to the party before the end of the year.”