Mobile carrier Sprint Nextel reported deep losses amounting to $863 million in the first quarter of this year, but the company’s results actually beat Wall Street expectations. And since it began offering Apple’s iPhone as of last October, Sprint added a net 263,000 subscribers. However, this has come at a price. To acquire the iPhone, Sprint agreed to a $15.5 billion deal with Apple to carry the handset over the next four years. “Sprint is finally stocking the iPhone, and that is helping bring new customers,” said Ian Fogg, an analyst for IHS Screen Digest.
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Sprint's Q1 Losses Come With Some Glimmers of Hope
Posted by: Peter Suciu April 25, 2012 03:28 PMMobile carrier Sprint Nextel reported deep losses amounting to $863 million in the first quarter of this year, but the company’s results actually beat Wall Street expectations. And since it began offering Apple’s iPhone as of last October, Sprint added a net 263,000 subscribers. However, this has come at a price. To acquire the iPhone, Sprint agreed to a $15.5 billion deal with Apple to carry the handset over the next four years. “Sprint is finally stocking the iPhone, and that is helping bring new customers,” said Ian Fogg, an analyst for IHS Screen Digest.