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Can 4G phone save Sprint, like IPOD saved Apple



June 07, 2010 – Comments (1) | RELATED TICKERS: S , AAPL

Sprint says sales of EVO 4G sets record over the weekend  On Monday June 7, 2010, 9:29 am

OVERLAND PARK, Kan. (AP) -- Sprint Nextel Corp. said Monday that sales of its latest smart phone, the HTC EVO 4G, broke its records for first-day sales when it launched Friday, and the phone sold out in many stores.

The phone is the first to use a "fourth-generation," or "4G" network, in the shape of Clearwire Corp.'s WiMax network. The network offers higher data speeds than Sprint's 3G network, but since 4G coverage is very limited so far, the phone uses 3G as well.

Previous records for one-day sales by Sprint phones were set by the Samsung Instinct two years ago and the Palm Pre last year. Sprint didn't say how many EVOs it sold, but said the number sold on Friday was three times the number of Instinct and Pre phones sold over their first three days on the market.

The EVO is made by HTC Corp. of Taiwan. It uses Google Inc.'s Android software and costs $200 with a two-year contract.

In pre-market trading, Sprint shares were up 16 cents, or 3.4 percent, at $4.94.

Also Monday, Apple Inc. is expected to show off a new iPhone model at a conference.

1 Comments – Post Your Own

#1) On June 07, 2010 at 10:47 AM, IBDvalueinvestin (98.48) wrote:

Video chat on the cell phone will take off just like it did on the computer. No one wants to talk to you on the computer unless you also have a video. Same will be true for the cell phone.

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