Holy…okay. So here’s the deal. Sprint just posted their final sales numbers for the 4th quarter of 2007, and the results are a bit shocking. Sure, we all know that Sprint has been in a bit of a downward spiral for quite some time now, but it seems the real gravity of the situation has escaped everyone…until now. Over the course of 2007, Sprint lost $29.5 billion. That’s a lot of money, but here’s the real kicker. Ready? Sprint is currently valued at $23 billion. Is this sinking in yet? We can be a bit more clear, just for the sake of argument. During the 4th quarter of 2007, Sprint lost over $6 billion more than it’s worth. We’re not economists here, but all signs point to “Woops!” Sprint is in trouble, and no amount of $99 unlimited plans sold is going to stop the bleeding. We’re sure there’s some charitable soul out there willing to spend a couple hundred thousand on your remaining assets, and you can work towards making back some of the lost revenue by embarking on a speaking tour entitled “How to Completely Ruin a Company in 12 Months.”
Sprint loses a little bit of money
Updated Dec 19th, 2018 5:57PM EST
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Josh Karp followed his love of technology since a kid through to the present day. As a Special Correspondent at BGR, and part of the first editorial team, Josh covers press conferences, trade shows and other events around the world. An expert in all things mobile, Josh has more than eighteen years of experience covering the wireless industry.
