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Sprint Records Increase in Revenue for Q1 2010 |
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Wednesday, 28 April 2010 |
Apparently, Sprint didn’t do really well last year, whereby their revenue and profit weren’t impressive to prospective investors at al. Generally, the United States number 3 largest carrier made brutal losses for Q4 last year, which painted a bleak outlook for the company.
Generally, Sprint recorded an increment in their revenue in Q1 2010, whereby they have posted a $8.1 billion dollars in revenue for that particular quarter of the year. And when you compare the revenue data with 2009’s, the company made a measly $7.8 billion a year ago. However, Sprint still recorded a whopping net loss of $865 million for Q1 this year.
Surely, I believe that Sprint’s stake in their 4G network hasn’t paid any fruits yet, but if consumers start to adopt the 4G technology, perhaps Sprint will be very profitable in the near future?
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