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February 8, 2012 11:53 pm GMT
Call it a sort of a bear hug: Sprint, the also-ranniest of the also-rans in the carrier world, lost money selling phones that, on the aggregate gained them subscribers. It's also Catch-22, a blindside, and a mess.According to Sprint, the company reported a net loss last quarter while still selling 1.8 million iPhones and increasing their subscriber base by 1.6 million. How? The costs associated with provisioning and supporting these new phones drove operating losses to $438 million, up from $139 million in Q4 last year.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Kf7QvRIkrD8/
Sprint Lost A Lot Of Money Selling Lots Of iPhones
Call it a sort of a bear hug: Sprint, the also-ranniest of the also-rans in the carrier world, lost money selling phones that, on the aggregate gained them subscribers. It's also Catch-22, a blindside, and a mess.According to Sprint, the company reported a net loss last quarter while still selling 1.8 million iPhones and increasing their subscriber base by 1.6 million. How? The costs associated with provisioning and supporting these new phones drove operating losses to $438 million, up from $139 million in Q4 last year.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Kf7QvRIkrD8/
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