The iPhone causes Sprint to take Big Losses

by Christian Hollingsworth on February 9, 2012

in News, Technology

While every major cell phone company wants to be able to sell the iPhone due to its amazing popularity, it may not always be the best option for some companies.

Sprint, which recently started selling the iPhone on its network, reported its largest quarterly loss in three years last quarter.

This is attributed by many to be because of the subsidizing of the cost of the phone to new customers.

That is, of course, in addition to the $15.5 Billion dollar commitment to Apple to buy phones over the next four years.

The news is not all bad for sprint though, they signed up 161,000 new customers which they hope will help them return to profitability in the coming years.

Read more about the situation here.

List Of 12 Greenest Cars of 2012 Released

The top 12 “green cars” of 2012 has been released by the American Council for and Energy Efficient Economy.

Most of these cars are relying not only on their small size but also the rapidly advancing technological improvements of both the batteries and many other advancements.

Whether they are hybrids, pure electric cars or even running on natural gas – these 12 cars promise to give great insight into the future of green transportation.

One surprise is that the Chevy Volt is not anywhere on the list despite its popularity and virtually zero emissions.

More information, including the full list, can be found here.

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{ 10 comments… read them below or add one }

Tracyann0312 February 10, 2012 at 12:08 am

Very bad for their company. Due to the increasing population of iPhone, a lot of businesses and companies loose almost millions or sometimes billions of their profit.

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Christian Hollingsworth
Twitter:
February 10, 2012 at 11:18 pm

But often they “recoup” the costs after people sign their life away to a contract for a few years.
Christian Hollingsworth recently posted..Triberr Is Creating Believers, as shared by @wsiabelpardoMy Profile

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Tracyann0312 February 12, 2012 at 11:38 pm

Maybe you’re right Christian. However, it is not good in the image of the company to recoup the costs for them to benefit.

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Christian Hollingsworth
Twitter:
February 13, 2012 at 9:33 am

Very true. It makes them look like they don’t know what they’re doing.
Christian Hollingsworth recently posted..Interview with @mikaldavisart of Sprayntings by MikalMy Profile

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Meg@Bathroom Cabinets February 10, 2012 at 12:28 am

That true I like sprint thus this make me feel sad for sprint.

Anyway they are surely going to cover it anyhow but thanks for sharing this.

Reply

Christian Hollingsworth
Twitter:
February 10, 2012 at 11:19 pm

They certainly will, after users pay their contracts for a few years.
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Helena February 10, 2012 at 8:36 pm

As someone who has never had an iphone but not really caught under their spell I am amazed how well they have taken off, I am now seeing them more and more in business places and pushing out BBs too, that really supprises me,
Helena recently posted..How to watch TV on your laptopMy Profile

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Christian Hollingsworth
Twitter:
February 10, 2012 at 11:21 pm

I was a strong BlackBerry user for years. I wasn’t completely “sold” on iPhones until last year.

After grabbing an iPhone4S, I can honestly say it’s revolutionized the way I community within my business – and I missed out on a lot by not throwing out my BB sooner.

It just works so well!
Christian Hollingsworth recently posted..Triberr Is Creating Believers, as shared by @wsiabelpardoMy Profile

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chanikacha February 15, 2012 at 12:44 am

I think apple will have to do some more new releases of there upcoming new phone. With so many competitors they must need to stand up and make there products be no. 1 in all phones.

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Christian Hollingsworth
Twitter:
February 15, 2012 at 9:49 am

exactly, they need to keep transparency within their company in order to succeed for the long term. They wouldn’t want to become a “fad”.
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