Monday, May 3, 2010

Even a 3G Network Can’t Save Sprint

According to Sprint, they have the nation’s best 3G network, but even with the best cellular phone service in America, the chain service has been struggling with profits in the past five years.

In 2006, Sprint hit its highest peak in sales earning $41.3 million that year, which was a tremendous increase from the previous year, which only brought in $28.7 million. Sprint’s merge with Nextel in 2006, helped increased the company’s revenue as well as subscribers.

In 2009 Sprint hit a plateau in profits, only earning $32.2 million, which is a twenty-one percent decrease from its peak in 2006. Sprint’s CEO Daniel R. Hesse’s salary as increased from $23,077 a year to $1.2 million since he joined the company in 2007, however his total salary earned in 2007 was $28.2 million and in 2009, he raked in only $12.3 million.

1 comment:

  1. Good use of percentage! A couple of things: if a company says it's the best at something, don't repeat it, unless there's actually a reason to believe the are, ie, be way of PR talk! Also, you say it struggled with profits, but do'nt give us the profit numbers. Good job explaining the surge in revenue! Also, something seems off with CEO - that $23,077 number, was the including all the bonuses and everything?

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