Sprint Nextel’s Q3 profits plummet, down 77%
This isn’t totally unexpected, no? Sprint Nextel’s earning came out, and they reported a 77% drop in profit, while also cutting forecasts for next year. They’ve lost the most subscribers this quarter since 2005, maybe longer. Their third-quarter net income turned out to be only $64M! How many customers did they lose exactly? 337,000, and that is "the most since it bought Nextel Communications Inc., amid complaints about dropped calls and poor reception." We guess they couldn’t get Gary out soon enough…
Thanks, to everyone that sent this in!
Jonathan S. Geller
Jonathan Geller is the founder of Boy Genius Report, now known as BGR. What began as a column on popular gadget blog Engadget quickly grew into one of the site’s biggest draws, and Jonathan soon detached the wildly popular column to create what has since become the biggest mobile news destination in the world.
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