Sprint Corp. had received serious criticism as it was thought to merge with T-Mobile recently. It was a failed attempt and Sprint received a serious blow because of it. It has recovered however, and recovered very well indeed. Since the launch of its aggressive iPhone promotions, the shares of the company have skyrocketed and the analysts experts more jump in the share price in coming days.
The stocks of the company increased to a whopping 6.5 percent and to $7 in New York just yesterday. Since August 5, this has been assumed to be the highest closing price for the company. It has spread a wave of excitement among the employees and the management staff.
The naming of Marcelo Claure as the CEO of Sprint Corp. has come as a blessing for the company as their shares have taken some great bounces since his assuming of the office. He was hired by the company in order to help recover from the losses incurred in the recent past. Claure has successfully attracted the attention of the customers despite of huge competition from its rivals such as AT&T Inc. and Verizon Communications Inc.
When Jonathan Atkin, the analyst at RBC Capital Markets was confronted for giving a statement, he stated, “The new prices got some attention, but I think the stock reflects the fact that Marcelo has been speaking in public for the first time, People probably sensed that there’s a decisiveness in his tone about cost cutting and network improvements.”
Since the introduction of “iPhone for Life” plan, the stocks of the company have risen up by 21 percent, which is an unbelievable deal for the mobile carrier company. There is more expected from the company so we will have to wait and watch for the results as the time rolls by.