Carriers: Sprint and T-Mobile
Sramana Mitra submits:
After two years of gloating over Apple’s iPhone (AAPL), we finally might have something else to talk about: The Palm Pre, which is to be launched by Sprint on March 15. Both Palm (PALM) and Sprint (S) have been hit hard by the iPhone, or the lack of a good enough iPhone challenger. There are a lot of hopes attached to the Palm Pre. In this post, let’s take stock of Sprint’s recent performance as well as that of T-Mobile.
On February 19, in its fourth quarter and full-year 2008 results, Sprint Nextel reported that Q4 revenue declined 14% to $8.4 billion. Net loss was $1.6 billion or $0.57 per share compared to a loss of $29 billion or $10.31 per share last year. Sprint has been in the red for so long that analysts were expecting even greater losses, and the company beat their estimates. Earlier coverage is available here.
Related Topics: 2008, aapl, carrier, carriers, coverage, decline, iPhone, LEC, losses, Mobile, Nextel, phone, Sprint, sprint nextel, telecom, Verizon