After three years of losing subscribers, Sprint (NYSE:S) recorded positive net additions in the second quarter. And the company released some interesting statistics about its WiMAX offering. In particular, the HTC Evo 4G, now sold out, exceeded the company's expectations in many areas, including sales and a record low return rate of the device, said Sprint CEO Dan Hesse.
Hesse indicated that Evo users consumed "three and a half times more data than our other smartphone customers." In addition, he indicated Sprint would be selling a lot more of the devices if there wasn't a shortage of them.
For the quarter, Sprint posted a net loss of $760 million, wider than a $384 million net loss in the year-ago period. The company was hit with a $302 million tax-related charge. Sprint now expects to have positive total net wireless subscriber additions during the remainder of 2010, and fewer postpaid subscriber losses in the second half of the year than in the first half. "We still have a lot of hard work," Hesse said.
- take a look at this Sidecut Reports post
- read this FierceWireless article
- see this FierceWireless Q2 earnings page
Sprint loses 991,000 postpaid subs, promises additional webOS devices
Sprint may add LTE to 4G arsenal
Sprint launches multi-pronged prepaid wireless strategy
Sprint narrows subscriber gap in Q1, but loss widens