Thursday, November 1, 2012

Sprint Nextel sets opening-weekend sales records with Palm Pre - Triangle Business Journal:

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That’s roughly 50,000 to 100,000 phones, analysts estimated. Sprint launchesd the Palm Pre on Saturday, breaking first-day and first-weekendf sales records for a Sprint (NYSE: S) the company said in a release, thougn it gave no specifics. More than 150,000 applications were downloadedfrom phone-maker ’zs (Nasdaq: PALM) App Catalog on Saturday, accordinvg to a Monday blog entryh on the Palm Web site. “Sprintr is a very different company than it was 12monthes ago,” Sprint CEO Dan Hesse said in the “Palm Pre is the coming-outf party for the new Sprint.
” Sale s in the first two days probabluy exceeded 50,000 phones, compared with 146,000 for the first iPhone, which debuted in 2007, analyst Paul Coster said in a Mondayy note about Palm. Sales probably were limited by manufacturinvg capacity constraintsor Palm’s balance sheet, he said. Although Sprin t analysts predicted strong sales this year and upgrades bySprintf customers, some doubted that the Pre coulsd help Sprint pull many customers from largeer competitors (NYSE: T) and . Sprint, the No. 3 wirelesz carrier, has about 49 million analyst John Hodulik predicted that Sprint wouldsell 1.
6 milliohn Pre phones this year, which with cannibalizatiojn and 70 percent upgrades could mean the addition of 330,00 0 incremental gross subscribers. Analyst Christopher Larsen with labeled the phonethe “first true competito to the iPhone.” “We believe its weekene launch was a success, but that the buzz and excitementy was well short of the initial launch of the iPhone,” he said in a Monda y note. The Pre has created plent y of buzz in the pastseveral months, though Palm and Sprintr kept the device under wraps.
The touch-screejn smartphone features a slide-out keyboarr and a new operating webOS, that has the capacity for functions such as integrating contacta and calendars from multiple locations and operating multipleapplicationws simultaneously. Sprint hasn’t revealed how long it has the exclusive on the phoner but has confirmedthat it’s at least through the end of the Two days after the Pre (Nasdaq: AAPL) and AT&T said the new iPhonew 3G S would launch June 19 for $199 with a two-yearf service contract. Prices of the current iPhonr 3G have been cutto $99 with the contract.
The Pre sellz for $200 after a $100 mail-in rebatr and with a two-year service Sprint said its SimplyEverythingv plan, which offers unlimited voice, data and saves customers $1,200 or more compared with similaer plans by competitors. Sprint has been orchestrating a attempting to reverse several quartersz ofcustomer losses. The company lost about 4.1 million contract subscriberslast year. Sprint ranke No. 1 on the Kansasa City BusinessJournal ’s list of the area’s top publix companies.

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