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Sprint (S -1.6%) finished lower following its Q1 report, partly due to worries about its net add...

Sprint (S -1.6%) finished lower following its Q1 report, partly due to worries about its net add figures. Bernstein (Underperform) thinks Sprint's large Q/Q drop in net adds, together with disappointing figures (I, II) from AT&T (T) and Verizon (VZ), indicate the U.S. wireless market is saturated. It's also worried Sprint isn't selling enough iPhones to absorb its 7.5M unit/year commitment. Wells Fargo (Outperform), by contrast, praises Sprint's ARPU growth and 4G buildout progress.
Comments (1)
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    I would say 7.5 million phones is a whole bunch. These guys just keep inventing ways to go broke. How did they ever concoct that one?

     

    Good trading.
    26 Jun 2012, 02:20 PM Reply Like
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