Sprint still bleeding badly, loses 1.3 million subscribers in Q4 2008

By on Feb 19, 2009 at 3:14 PM
News February 19, 2009

Following Sprint’s earnings call, the company wrapped up a pretty dark 2008 with more of the same – there’s really no way to sugarcoat this so we’ll just get right to it. Sprint lost $1.62 billion in Q4 for a total loss of $2.79 billion in 2008. Actually that’s not terrible, all things considered. As for subscriber figures, 1.3 million fled the carrier in Q4 rounding off Sprint’s total number of lost subscribers in 2008 at 4.5 million. The company carried 49.3 million subscribers into 2009 and seemed optimistic that the new year would bring a slowed bleed rate along with it. While 2009 is certainly looking a bit brighter for the company, it still appears entirely too reliant on a single device to turn things around. The Palm Pre is indeed one of the most highly anticipated handsets of 2009 but it certainly isn’t the messiah and it’s going to take a whole lot more than one sexy phone to make up for a 2008 that was $2.8 billion in the red. As strong as Sprint’s network is, where available, the company has the behind-the-scenes goods to make things happen. If it can pepper in a few more solid handsets and somehow get WiMAX back on track, we could definitely see things start to look up for Sprint as 2010 rolls around.

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  • backbeat

    Which spineless sock-puppet is asking, MrMultiLoginTrollingBitch?
    ;)

  • Don Louie

    Now they will give you $100 for referrals, that can help

  • backbeat

    ^Sure thing. If only they could keep their subscribers, Sprint would be solvent. *rolling eyes*

    Idiot.

  • Don Louie

    No other retort but other than state the obvious, take a long objective look over recent post and see that this is not you debunking anything or anyone just following any Palm/Sprint related item and spread your version of things. What are your ideas on Sprint and the recent initiatives to keep subs in addition to a solid network, cheapest bundles, powerful/functional phones and exclusive entertainment

  • backbeat

    ^When you [and your collection of online sock-puppet monikers] deserve respect and dignity, I’ll let you know, MrMultiLoginTrollingBitch. Clear?

    What’s the Sprint daily-loss figure today?

  • Vince Lawry

    That’s an awfully ignorant they, just because they are differing views, they (the views and authors) don’t deserve respect. That line of thinking reminds me of the times when a pigment challenged group denied another group basic civil liberties including the right to vote because the other groups opinion wasn’t respected. That’s an excellent start with the SERO idea, slightly misplaced in my opinion so what else can we all come up with

  • backbeat

    ^If the content of your character is what you are to be judged upon, you’ve just excluded yourself from opinions to be considered.

    Truth’s a bitch, MrMultiLoginTroll.

    Idiot.

  • Vince Lawry

    Because my character knows my money goes farther my opinions are excluded, you make my previous argument legitimate. What’s good for one isn’t good one isn’t good for all

  • backbeat

    Because you lack a spine, MrMultiLoginTrollingBitch, you are not to be considered relevant. The same reason why the guy running a NYC con warrants no respect. Grow up, idiot.

  • Vince Lawry

    What grown person is on the net making sure any positive reviews or promotions just to say those are lies/biased/wrong. Even went as far as insulting one of the writers, guess Michael Bettiol is an apologist too

  • backbeat

    Stirring the pot is what you do … but -only- after your agenda is called on the floor. That’s life. I can deal with that. Can you? :)

  • Vince Lawry

    I manage just fine, you stir the pot trying to invaluate others feelings about THIER choices

  • backbeat

    What’s the daily-loss figure for today, Michael? :)

  • Don Louie A.K.A Louie Cantone

    This thread got a lot more empty. Now that most of the trolling is gone does anybody else like Sprint and think they know what’s holding them back with any idea of how to fix it?

  • http://StuffGuysNeed.com Palomino

    Unfair? It’s called economics. AT&T and Verizon each have over 70,000,000 subscribers. Sprint has less than 50,000,000, with many bailing out every day. If you’re a major manufacturer, wouldn’t you give preference to a carrier with those kinds of numbers? That’s a 20million difference, at minimum there, which is a huge impact on sales. Plus, both AT&T and Verizon are on strong financial footing, which means they can subidize the phones more readily than SprintNexFail.

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