A fallen angel took flight as Sprint soared by 20% on Thursday after an interesting June quarter. The overall net subscriber loss number for postpaid subs was not that great at 240,000, but the 1.5 million iPhone customer adds was about 200,000 above expectations. Even more importantly, the key profitability gauge of EBITDA came in at $1.3 Billion — half a billion above what many expected. That combination is fascinating. AT&T and Verizon also had strong profit numbers, but that happened because they were a bit light on iPhone adds. Read the full story at Boy Genius Report.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.