Android Helps Drive 644,000 New Subscribers to Sprint, Though Losses Grow to $911 Million
Sprint has been on the up and up after the world almost counted them out of the mobile game in large part thanks to Android, and the trend continues in their latest report…sort of. While the nation’s first 4G carrier was able to pick up 644,000 in their summer numbers due to releases like the HTC EVO 4G and Samsung Epic 4G, the high costs associated with signing up users to deals with high-end handsets with very limited to no profit margin after subsidization ended up costing the company $911 million.
The past three quarters worth of earnings reports have seen an end to a constant loss of subscribers as many new customers have come on board, but Sprint is banking on these new subscribers sticking with the company and continuing to pump out money for their reasonably priced unlimited plans to help them turn gains.
For the moment, Sprint’s 4G network and 4G handsets offer a huge competitive edge, and while Android is sure to help them continue to grow in the future the introduction of next generation networks from T-Mobile, Verizon, and AT&T may very well help to slow down the company’s forward momentum.
[via IntoMobile]