Today Sprint released their quarterly earnings and things could be better. How? They could be selling the iPhone. That’s not me saying that either. It’s Sprint. Shares in the non-iPhone provider are down almost 15% today after the company announced larger than expected Q2 loss per share. The reason for this was while Sprint did add 1.1 million new customers for the quarter, they lost over 101,000 of them. Many of those jumped ship to Verizon or AT&T for the iPhone 4 or the $49 iPhone 3GS.
There are rumors that Sprint will be carrying the iPhone later this year, and for Sprint investors’ sakes I hope those rumors pan out. The only other major US cellular provider that doesn’t carry the iPhone is T-mobile, which AT&T is trying to buy. Understandably, Sprint doesn’t want that to happen. Who wants to be the only big three cellular provider that doesn’t sell the hottest phone on earth?