Andre Yoskowitz
25 Oct 2012 20:33
According to Sprint's latest quarterly earnings report, earnings improved although the company did post a large loss.
The company saw a net loss of $767 million, down from $1.38 billion last quarter.
Furthermore, the carrier added 410,000 subscribers, slightly down from last quarter's 442.000 gain but still healthy.
Sprint's biggest bet in history, the iPhone, saw 1.5 million units sold during the quarter, same as last quarter. Last year, the company made a massive $15.5 billion investment with Apple for four years worth of iPhones. CEO Dan Hesse admitted that the carrier had to pay Apple a 40 percent higher subsidy than Verizon and AT&T.
Major Japanese carrier recently announced its intention to purchase Sprint for $20.1 billion.