Sprint Third Quarter Loss Widens to $478 Million

Sprint

Beleaguered U.S. telecommunications operator Sprint has posted its financial results for its third fiscal quarter of 2009…and the company is reporting a net loss of $478 million for the quarter. That’s 47 percent more than the company lost in the same quarter a year ago—that was $326 million—although CEO Dan Hesse says the company is turning a corner and seeing upticks in both pre-paid and post-paid subscribers.

“Sprint achieved its best net retail subscriber results in more than two years and improvement in both post-paid and prepaid gross subscriber additions,” said Sprint CEO Dan Hesse, in a statement. “Sprint is beginning to attract more customers with the industry’s best device line-up and the clarity and simplicity of our offers, [and] seven sequential quarters of improvement in customer care satisfaction.”

Sprint reported quarterly revenue of $8 billion, down from $8.8 billion in the same quarter of 2008; the company’s wireless business generated $6.9 billion in revenue ($1.4 billion came from wireline service), and $664 million of free cash flow. Hesse indicated the company is aggressively managing its costs to beef up its bottom line; even so, sales were down 2 percent compared to last year, which Sprint attributes to fewer post-paid subscribers. During the quarter, Sprint actually lost 135,000 retail subscribers during the quarter, but saw quarter-to-quarter improvements in both pre-paid and post-paid customers.

Hesse expressed disappointment that the company has had limited success reducing churn in its wireless subscriber base, and that the company has yet to return to growth in wireless subscribers. However, Sprint is betting heavily both on Android devices and Palm’s Pre and Pixi smartphones to attract new and former customers to the carrier, as well as on expanding 4G service via WiMax.

Virtual Reality

Walmart stocks its stores with VR training for its employees

Walmart will begin rolling out virtual reality training experiences to all of its stores this year with the power of Oculus Go. More than 6,300 stores will receive the new technology, helping the company train its employees.
Gaming

Your PlayStation 4 game library isn't complete without these games

Looking for the best PS4 games out there? Out of the massive crop of titles available, we selected the best you should buy. No matter what your genre of choice may be, there's something here for you.
Mobile

Here's the Samsung Galaxy S9's new Android 9.0 Pie interface

The Samsung Galaxy S9 and Galaxy S9 Plus are here. The flagship devices boast some awesome new features and a powerful new processor. Here's everything you need to know about these Samsung phones.
Computing

Nvidia's new RTX GPUs have arrived. Here's what you need to know about them

Nvidia's new RTX 2000 series graphics cards are impressive pieces of hardware, with some amazing advancements and some rather high price tags to match. Here's everything you need to know about Nvidia's new top-tier cards.
Photography

Joby’s tiny tripods double as selfie sticks and hide four different modes

The Joby TelePod models are more than just compact tripods -- they also double as hand grips, selfie sticks, and tabletop tripods. Designed to accommodate smaller gear like smartphones and lightweight mirrorless, the tripods use a unique…
Wearables

WatchOS 5 comes with tons of new features -- here are our favorites

Months after Apple announced its latest software at WWDC, you can now download WatchOS for the Apple Watch. WatchOS 5 brings a number of new features including new watch faces and improved health tracking.
Social Media

Instagram could separate hashtags for less annoying posts

Just what features will Instagram add next? One enthusiast reverse engineered the app to uncover several potential features the app could be testing, including a dedicated spot for hashtags and geofencing.
Photography

To post or not to post? Here's when you should put up a picture on the 'Gram

Let's be honest, the majority of us care about the popularity of our Instagram posts. There is a sweet spot, however, if you're looking to boost the number of likes and comments you receive. Here's what you need to know.
Mobile

Our favorite tips and tricks to help you master your Samsung Galaxy Tab S4

Apple's not the only game in town when it comes to productivity tablets. Samsung's Galaxy Tab S4 has all the features you'll need to get work done. Here are a few of our favorite tips and tricks for the Samsung Galaxy Tab S4.
Computing

Smart Reply not smart enough? Desktop Gmail users can soon opt out

Google will soon give desktop Gmail users the ability to opt out of Smart Reply. If you'd prefer to compose a short email the old-fashioned way, you can do so without seeing the auto-generated suggestions in the future.
Social Media

Instagram feature that lets you reshare others’ posts may be on its way

Despite constant calls from many of its billion-plus users, Instagram has always refused to offer an option that lets Instagrammers reshare others' posts that appear on their feed. New reports suggest this could be about to change.
Mobile

The iPhone XS and XS Max are now available -- here's how to get them

After months of rumors and speculation, Apple has finally taken the wraps off of the new iPhone XS, iPhone XS Max, and iPhone XR. Now that the phones are out, you might be wondering how you can get them for yourself.
Mobile

The Apple Watch Series 4 is now available -- here's where to buy it

The new Apple Watch Series 4 is here. Besides the Apple store, the company's next-generation smartwatch is be available for purchase through all four major carriers. Here's where you can get yours.
Mobile

Huawei is not-so-subtly trolling Friday’s iPhone launch

Apple launches the iPhone XS range to the public on Friday, but Huawei is out in force to remind the public what they could be missing out on (Hint: It's the Mate 20 Pro) by choosing Apple's latest smartphone.