Sprint’s profit before Palm Pre release

While the company prepares to release their long awaited Palm Pre, it looks as if they are having financial problems as the figures for their first quarter have been revealed.
According to Electronista, Sprint’s net losses grew from $505 million a year ago to $594 million in early 2009, which is a heavy 18 percent drop. Thats not all either as 182,000 total users were dropped from Sprint’s subscription service, resulting in a decreased total of 49.1 million customers.
While the company have high hopes for the release of the Palm Pre on whats hoped to be June 7th, they will need to tread carefully if they are going to stay on top of their financial worries.
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