Sprint Nextel's Q3 profits plummet, down 77%

By Jonathan S. Geller

Published Nov 1st, 2007 12:02PM EDT

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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!

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Jonathan Geller Founder, President & Editor-in-chief

Jonathan S. Geller founded Boy Genius Report, now known as BGR, in 2006. It became the biggest mobile news destination in the world by the end of 2009, and BGR was acquired by leading digital media company PMC in April 2010.

Jonathan is President of BGR Media, LLC., and Editor-in-chief of the BGR website.

What started as a side project at the age of 16, quickly transpired into 24-hour days and nights of sharing exclusive and breaking news about the mobile communications industry. BGR now reaches up to 100 million readers a month through the website, syndication partners, and additional channels.