Sprint lost a total of 135,000 net retail subscribers in the quarter.
Consolidated net operating revenues of $8.0 billion for the quarter were 9% lower than in the third quarter of 2008 and 1% lower than the second quarter of 2009. The company had 48.3 million customers at the end of the third quarter of 2009, compared to 48.8 million at the end of the second quarter of 2009.
For the quarter, net retail subscribers declined by a total of 135,000 and net wireless customers declined by approximately 545,000, including net losses of 801,000 post-paid customers – comprising 271,000 CDMA and 530,000 iDEN customers (including a net 64,000 customers who transferred from the iDEN network to the CDMA network). The company gained a net 801,000 prepaid iDEN customers, offset by net losses of 135,000 prepaid CDMA customers. The company also experienced a net loss of 410,000 wholesale and affiliate subscribers.
Post-paid churn in the quarter was 2.17% compared to 2.15% in the year-ago period and 2.05% in the second quarter of 2009. Sprint blamed the sequential increase on “seasonality and heightened competition.”
Wireless service revenues for the quarter of $6.3 billion declined 8% year-over-year and 2% sequentially.
Read more in Sprint’s earnings press release here.
“…seasonality and heightened competition.”
At least they didn’t blame it on the economy like M$.
There must be some mistake, this is not Mac news.
gives new meaning to the term “Sprint to the finish…”
The “seasonality” Sprint is referring to must be nuclear winter.
@get real
Competitors which market products similar to Apple are Mac news.
Then disappear and make your own friggin’ Mac-only news site.
What was that quote last spring? something about come July nobody will be using an iPhone…. anyone remember?
@get real
No one likes a hall monitor. It’s pretty easy to skip any articles you don’t want to read. Or go elsewhere.
Geez.
Or change your handle to Get a Life.
I felt bad for them up until the part where they still have almost 50 million customers… They’re doing ok.
Something must be wrong if you have 50MM customers and 8BB revenue and you cannot turn a profit.
Business models like this is what is killing the economy. When high volume companies cut their margins so thin they really put themselves in a precarious position.
Or you could look at the bright side – Palm Pre owners aren’t facing the aggravation of over loaded data networks, unlike iPhone users with ATT.
@DX,
Yes, they have (almost), 50 million subscribers. That doesn’t mean they’re doing okay. They lost 500,000 subscribers since last quarter, and they didn’t make a single dollar of profit on the ones they didn’t lose. That is definitely NOT okay.
In business, lack of forward motion is clear evidence of backward motion.
@DogGone,
Our economy is not weak because businesses fail. Our economy is weak because business are not being allowed to fail.
What’s an “iDEN network”? Anybody?
Sprint provides the 802.16e (WiMax) wireless from their cellphone towers for Clearwire’s new internet service, a less expensive alternative in select cities to cable and telco IPs. If it takes off across the country Sprint could be sitting pretty.
What?!? No mention of the Pre-mature self-congratulation?
You meant Pre-mature self-gratification…?
I’d never get a Pre, but Sprint is the only carrier that works in my house, and does pretty well elsewhere, too. Verizon was useless. Still, our contract is up and I hope to get an iPhone. If AT &T;turns out not to work, we’re stuck with Sprint. So I hope they don’t die- yet. Those arrogant B******ds at Palm and Verizon, however, can go to h**l.
Maybe Sprint will enable the CDMA iPhone Apple is building for Verizon. That should help them a bit. (I don’t really believe there is a CDMA iPhone coming, just thought I’d say that.)
Sprint has a better high speed network than AT&T;. Apple should just buy Sprint. Imagine the possibilities. A 4G network and an iPhone…
‘ Sprint blamed the sequential increase on “seasonality and heightened competition.” ‘
I blame the fact that Sprint have been, from the get-go, disrespectful to their customers.
Hey Palm: Run away! Get someone decent as a Pre provider already!
Hey Sprint: Go bankrupt and die already.
Deus Ex Technica sez: “Our economy is not weak because businesses fail. Our economy is weak because business are not being allowed to fail.”
*DING*
Amusing isn’t it how biznizz screams for ‘CAPITALISM!’ on the good days and screams for ‘WELFARE!’ on the bad days. As the days after the bailouts have proven, the ‘can’t fail’ big biznizz corps would have done us all a favor if they HAD simply failed. No way are they paying back We The People the money we ‘lent’ them. The executives ate it all up on bonuses and parties.
This is now decrepit corporations rot and brings down a civilization. It also shows the effect of corporate ownership of government, financially and philosophically. MBA = Moribund Business Affliction.
Apple isn’t going to build a CDMA iPhone. CDMA is the Betamax of mobile telephone networks. The USA is one of the only countries in the world that is still using the technology.
@neomonkey. The iDEN network is the old Nextel network. You must remember push-to-talk that even Verizon tried to make ‘the next hot thing’!
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Just a note: The two most (over?)-used words on all of MDN…
Beleaguered …
and Snappy…
Don’t know why I brought it up or just now noticed it…