Sprint Nextel Corp. posted a $1.62 billion fourth-quarter loss as it wrote off the remaining value of its Nextel purchase and continued to lose wireless subscribers. The Overland Park, Kan., wireless carrier lost 1.3 million subscribers in the fourth quarter -- still an alarmingly high rate -- but suggested the declines were stabilizing as predicted. The subscriber losses were equal to the third quarter, and left Sprint with 49.3 million customers. [...] The number of Sprint customers who sign long-term contracts -- the most profitable segment -- dropped 1.1 million in the fourth quarter, putting the total decline in the past five quarters at more than five million. By contrast, rival AT&T added 2.1 million subscribers during the fourth quarter and Verizon Wireless added 1.2 million.
The only way this phone is going to succeed is if Sprint can get their current customers to upgrade to this phone and pay extra for a data plan that they may not have. Just because internet geeks are swooning over this phone doesn't mean they're going to switch to Sprint. I expect this phone to be successful if and when it is released on the AT&T or VZW network.
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From Wall Street Journal, today:
Sprint Nextel Corp. posted a $1.62 billion fourth-quarter loss as it wrote off the remaining value of its Nextel purchase and continued to lose wireless subscribers.
The Overland Park, Kan., wireless carrier lost 1.3 million subscribers in the fourth quarter -- still an alarmingly high rate -- but suggested the declines were stabilizing as predicted. The subscriber losses were equal to the third quarter, and left Sprint with 49.3 million customers.
[...]
The number of Sprint customers who sign long-term contracts -- the most profitable segment -- dropped 1.1 million in the fourth quarter, putting the total decline in the past five quarters at more than five million.
By contrast, rival AT&T added 2.1 million subscribers during the fourth quarter and Verizon Wireless added 1.2 million.
The only way this phone is going to succeed is if Sprint can get their current customers to upgrade to this phone and pay extra for a data plan that they may not have. Just because internet geeks are swooning over this phone doesn't mean they're going to switch to Sprint. I expect this phone to be successful if and when it is released on the AT&T or VZW network.
Did you see this?
>>> "...To attract customers, Sprint hopes to launch the new
>>> Palm Pre phone in the second half of 2009..."
http://www.salon.com/tech/giga_om/tech_insider/2009/02/19/sprint_loses_less_money_more_subscribers/
It looks like Salon is changing the article to be "first half" now...but not really doing it very well Lol!
Freakin ljit, you might want to read that again.
directly copied and pasted from the article:
"To attract customers, Sprint hopes to launch the new Palm Pre phone in the second first half of 2009"
That looks like a typo to me. "Second first half"? Do they mean the first half? Second half? Second quarter?
The original mistake simply read "Second half". then they poorly editted it to read "first half" but...well...poorly editted it.
The text I quoted above is, too, directly copied and pasted. Salon just isn't doing a very good job of editting it...
I call Sprint every week or so to ask when the Pre is due out. The answer is consistently Q2.