Sprint Q3 2012 Earnings: Sells 1.5 M iPhones, Revenue Tops $8.7 Billion

After Verizon and AT&T, it was Sprint’s turn to report its quarterly earnings. It reported net operating revenues of $8.763 billion, up around 5% year-over-year. However, its losses increased to $767 million, more than doubling year-over-year. Its operating loss was $231 million, much less than a $629 million operating loss last quarter.

It added around 900,000 net new users and sold around 1.5 million new iPhones.

It also made significant progress with its Network VIsion deployment, with 4G LTE coverage in more than 32 cities and 115 more coming soon.

The Sprint postpaid subscriber base saw net additions of 410,000. Sprint also reported that it surpassed sales of 1 million LTE smartphones before the launch of the iPhone 5.

Dan Hesse, Sprint CEO, said:

“The Sprint platform performed well, with strong net subscriber additions, record third quarter postpaid and prepaid churn and robust revenue growth, contributing to Adjusted OIBDA* of $1.28 billion even as we continue to invest in Network Vision and position the company for future growth.”

Sprint is in a very strong financial position now, thanks to Softbank’s acquisition.

via Sprint – SEC

Sprint Galaxy S3 Jelly Bean Update Rolling Out

Surprise surprise! Samsung and Sprint have started rolling out the official Android 4.1.1 Jelly Bean update for the Galaxy S III in the United States. It was only recently that Samsung started rolling out the Jelly Bean update for the international Galaxy S3, so such a quick JB update for the Sprint Galaxy S3 is quite surprising.

The Android 4.1.1 Jelly Bean update for the U.S Galaxy S3 will bring it with an enhanced notification bar, Project Butter for a buttery UI navigating experience,  offline text-to-speech support, Google Now with enhanced Voice Search, Android Beam, updated keyboard with next-word predictions and much more.

The update is being rolled out via OTA, and users will be automatically notified once the update is available for their phone.

U.S carriers are known for delaying OS or software updates to Android devices through their internal carrier testing, but it looks like Sprint decided it would be nice to give some priority treatment to its Galaxy S3 owners for the Jelly Bean update.

Softbank to Acquire 70% of Sprint for $20.1 Billion

Last week, rumors had started floating that Softbank may be looking to acquire a majority stake in Sprint Nextel, for more than $12.8 billion, or 1 trillion Japanese yen. Today, it was officially announced that Softbank and Sprint have reached a deal. Softbank will be acquiring roughly 70% of the full diluted share count of Sprint Nextel through an entity called “New Sprint” for $20.1 billion.

Softbank will be buying $8 billion worth of shares from Sprint directly for $5.25 a share, and $12.1 billion worth of shares from external shareholders for $7.3 billion a share. The $8 billion payment will also include a convertible bond worth $3.1 billion.

If the deal doesn’t go through due to regulatory intervention or any other reason, Softbank would have to pay a termination fee of $600 million to Sprint. However, if Sprint’s shareholders don’t approve the transaction, it will have to pay $75 million to Softbank to cover its expenses. Softbank will be taking on significant debt to finance this deal.

This is a great deal for both parties, as Softbank would have an easy way to enter the U.S. market, while Sprint will get access to Softbank’s deep pockets and finance its network upgrades. Both are also developing LTE, which should give them the “economies of scale” advantage. They would also be in a much better position to take on AT&T and Verizon.

via Techcrunch

Softbank May Acquire Majority Stake in Sprint Nextel

Sprint has been in the news for all the wrong reasons in the last couple of months. Unlike its bigger competitors, AT&T and Verizon, it’s in a relatively worse financial shape.

Reportedly, it may be in talks with the Japanese mobile carrier Softbank regarding a potential investment which would see the latter acquiring a majority stake in Sprint for more than $12.8 billion.

With the deal, Softbank would have an easy way to enter the U.S. market, while Sprint will get access to Softbank’s deep pockets and finance its network upgrades.

Any such deal would be welcomed by the regulators as it would increase competition in the space which is dominated by AT&T and Verizon. Sprint’s stock price jumped nearly 20% in morning trading, to nearly $6.

Softbank recently acquired eAccess, its rival in Japan, for $1.8 billion to boost its LTE capabilities. It has been expanding aggressively in recent times.

via Reuters

Sprint Galaxy S3 Android 4.1.1 Jelly Bean Firmware Leaks

Samsung recently started rolling out the Android 4.1.1 Jelly Bean update for the international Galaxy S III. The company has, however, been mum on the Jelly Bean roll-out plans for the U.S variants of the S3, thanks mainly to the carriers. The AT&T and Verizon variants of the Galaxy S3 have already had their fair share of Jelly Bean firmware leaks. Today, joining this list is the Sprint version of the Galaxy S3.

The firmware contains all the Jelly Bean goodies including the enhanced notification bar, Google Now, Project Butter and more. Advanced users who have already flashed the firmware on their phone report that the firmware has no bugs whatsoever, with the ‘Butter’ effect being clearly visible. The firmware also contains a new radio that has apparently improved the network reception for some Sprint users.

The leaked firmware is available in both odexed and de-odexed versions and can be downloaded from here.

Oh! and if you don’t like Samsung’s TouchWIZ UI, the Sprint Galaxy S3 has a perfectly stable CM10 build available for it.

Motorola Cancels ICS Update For Atrix 4G, Photon 4G And Electrify

Back in February, Motorola released a list of devices that it would be upgrading to Ice Cream Sandwich along with the expected timeframe of the update. As time passed by, Motorola failed to meet its expected timeframe, and until now has only managed update a handful of its handsets to Ice Cream Sandwich – the DROID RAZR/RAZR MAXX, DROID 4 and recently, the Atrix 2.

The ICS update for the DROID Bionic, which was at one point of time Motorola’s flagship Android handset, has slipped into Q4, which has rightfully angered all Bionic owners.

Today, Motorola updated its Ice Cream Sandwich roll-out chart to make some sad changes. The company has decided not to update the original Atrix 4G, the Sprint Photon 4G and the Electrify to Ice Cream Sandwich. All these handsets are more than capable of running Android 4.0 Ice Cream Sandwich smoothly, with their dual-core processor and 1GB of RAM.

The Atrix 4G and the Photon 4G are very similar to each other, and were at one point the company’s flagship handsets for their respective carriers. Not upgrading the Android OS version of its previous generation flagship handsets even once clearly shows how incompetent Motorola is. The Atrix 4G launched with Android 2.2 on-board, even though it was released well after Android 2.3 Gingerbread hit AOSP. The company then took its own sweet time to roll-out the Gingerbread update for the handset, and has since then only released some minor software updates for the device.

Google may have purchased Motorola for its patents, but the company will definitely be mending ways how Motorola conducts its business.

Via – Motorola Forums

Sprint Motorola XPRT Gets The Android 2.3 Gingerbread Update

Do you still remember the Motorola XPRT smartphone? Yes, we are talking about the same BlackBerry-like device which was exclusively available for the Sprint subscribers in the US. Motorola XPRT was the first Android smartphone from Sprint which delivered enterprise-class security, personal productivity enhancements and international roaming. Most of you might remember that Motorola XPRT was originally shipped with the Android 2.2 (Froyo) operating System. After waiting for a year, Sprint has finally started rolling out the Android 2.3 update for the forgotten Motorola XPRT smartphone.

The latest update is numbered 4.5.1-110-kns-46 and it brings the usual Gingerbread goodies, along with the new user interface icons, UI performance improvements, battery fixes, Email UI fixes, contact UI fixes, updated calendar options and much more. Check out the complete changelog after the break.

Changelog:

  • Email User Interface fixes.
  • Contact User Interface fixes.
  • UXD fix to color backgrounds.
  • Fix the ability to use Bluetooth car kits.
  • Improve EAS GAL (Global Address List) Search.
  • Improve EAS First Sync timing.
  • Fix Forward / Reply markers to original email.
  • SMS fix when using () in SMS body.
  • Bluetooth toasts when syncing contacts improved.

This update will be available via OTA (Over-The-Air). You will be automatically notified when the update is available for your device. If you have not yet received the update, then just go to Settings > About Device > System updates and check for the update. It is advised to backup all of your data before updating the device. If you find some new features, please let us know in the comments section below.

Samsung Galaxy Victory 4G LTE Coming To Sprint For $99.99

Another day and another smartphone announcement! One one hand, Samsung launches the powerful and stunning Galaxy S III, while on the other hand, the South Korean giant is flooding the US market with its entry-level smartphones. The latest device to join the bandwagon is the Galaxy Victory 4G LTE. The design of the device is as dull as its name.

The Samsung Galaxy Victory 4G LTE will be exclusively available for the Sprint subscribers in the US. As expected, the device is powered by the Android 4.0 (Ice Cream Sandwich) Operating System with the Samsung’s very own TouchWiz UI on top of it. Sprint 4G LTE is now currently available only in 19 cities across the United States. This handset is great for those who are looking to experience the lightning fast 4G LTE on the smartphone, without burning a hole in their pocket.

David Owens, vice president – Product Development, Sprint, said:
“Price is often a barrier for customers who are ready to transition from a feature phone to a smartphone. Samsung Galaxy Victory brings Sprint 4G LTE to the mass market with the high-end features and capabilities of a premium Android smartphone. Priced under $100 and paired with Truly Unlimited data from Sprint, our customers will appreciate the functionality of this device without worrying about costly monthly rate plans or surprises on their wireless bill.”

Samsung Galaxy Victory 4G LTE features a 4 inch touchscreen display, sporting a resolution of 480 x 800 pixels, 1.2 GHz dual-core processor, Android 4.0 (Ice Cream Sandwich) OS, TouchWiz UI, 5 megapixel rear camera with auto-focus and LED flash, 1.3 megapixel front-facing camera for video chat, Wi-Fi 802.11 a/b/g/n, 4G LTE Connectivity and much more.

Other features include a 3.5 mm headset jack, FM Radio with RDS, DLNA (Digital Living Network Alliance), 1 GB RAM, 4 GB internal memory, MicroSD card slot, 32 GB expandable memory, GPS with A-GPS, Bluetooth 4.0, Samsung Hub, Google Play Store, NFC (Near Field Communication), Samsung Media Hub, Android Beam, 3G/4G LTE mobile hotspot capability, up to 9 hours of talk-time and a 2100 mAh battery. This handset measures 121.9 mm x 63.5 mm x 12.7 mm and weighs 138.9 grams.

Samsung Galaxy Victory 4G LTE will be available for Sprint customers from September 16 for just $99.99 after a $50 mail-in rebate and a 2 year service agreement. While Samsung Galaxy S III is available at the same price, we wonder who will purchase this entry-level smartphone in the first place. If Galaxy S III doesn’t excite you, then head over to this page and order this handset right away.

Samsung Galaxy Note II To Launch On All Major U.S Carriers With Exynos SoC

When Samsung unveiled the Galaxy Note last year, the company was mocked for releasing such a big phone or a tablet with such a small screen. The hybrid handset fell in no man’s land and was criticized by every reviewer out there for its size. Even then, the sales figure of the Galaxy Note proved everyone wrong and the phablet managed to sell in excess of 10 million units, even though it was not widely available in a major market like the United States.

While the Galaxy Note was more of an experiment for Samsung, the Galaxy Note II is all set for sure shot jackpot. People have been itching to get their hands on the Note II ever since Samsung announced it in August, and this time the company has decided to go big with this big handset. Thee Korean company aims to go big with the Note II by launching it on all major U.S carriers like it did with the Galaxy S III.

The folks over at BriefMobile have managed to get their hands on some leaked screenshots, which show off the About Phone screen of the Verizon, Sprint, AT&T and T-Mobile variants of the Galaxy Note II. Unlike the U.S variants of the Galaxy S III though, the Galaxy Note II in the United States will not be sporting a Qualcomm S4 Krait SoC. Instead, it will be powered by the same quad-core Exynos SoC that will be found inside the International Galaxy Note II. This will be the first time that Samsung will be bringing its Exynos SoC to the United States with LTE support. It will be interesting to see which 4G LTE modem Samsung has coupled with its Exynos SoC inside the Galaxy Note II, and whether it is as power efficient as the Qualcomm’s S4 Krait SoC+modem combination.

After the Galaxy S III and the iPhone, the Note II will be the only device to launch with presumably the same specs and design on all the four major U.S carriers.

Sprint’s Galaxy Nexus And Nexus S 4G To Taste Jelly Bean Today

It looks like Sprint will beat Verizon in being less sucky on releasing updates for the Nexus devices. Some leaked documents have confirmed that Sprint will start rolling out the Android 4.1.1 Jelly Bean update for the Galaxy Nexus beginning from today. An official Sprint spokesperson also confirmed on Sprint forums that the carrier will be rolling out the Jelly Bean update for the Nexus S 4G from today as well.

Sprint has not started rolling out the OTA update but should do so before the day ends. The official OTA is already available in a .tar form over at XDA forums, for users who are interested in manually installing the update on their handset.

The Jelly Bean update for the Nexus S 4G and Galaxy Nexus will bring with it some major speed enhancements making Android smooth as ‘butter’. There are also some slight UI tweaks, an enhanced keyboard

For a Nexus handset, Sprint Galaxy Nexus owners had to wait nearly two months to get the official OTA update, which is downright disappointing. On the bright side, Sprint managed to beat Verizon in their ‘software testing’ and rolled out the JB update for the GNexus before the big Red.

Via – Android Police