Sprint has just announced its Q3 2011 results and it looks like the company is on the right track to recovery. The carrier announced that despite a quarter loss of $301 million, revenue rose 2% to $8.33 billion. But what it lacks in revenue, the company has been doing well in the subscriber front. The company added 1.3 million total net new customers – its best growth spurt in more than five years.
What’s impressive about this is that Sprint did all this without the help of the iPhone – the iPhone was launched in October 14th for Sprint which isn’t part of its Q3 results. The iPhone also gave Sprint its “best ever day of sales for a device family” so it’ll be interesting to see how much it helps to boost the carrier’s subscriber base, especially since the phone family is expected to bring in $7 to $8 billion in additional value through new customers and fewer turnover and support costs.
Sprint has got a 4-year deal with Apple to sell the iPhone on its network, and if Q4 2011 proves to be fruitful because of the iPhone, Sprint is set for success, at least for the next few years (and as long as the iPhone sticks around).
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