PMP Today

Sprint may have found their messiah with the Instinct. No, it won’t kill iPhone 3G but it certainly will keep Sprint on a competitive direction. The troubled wireless provider have been rumored to be doing better these days after releasing the Sprint Instinct. TheStreet reports that AT&T and Verizon have less customers signing up from Sprint. This is one of the reasons while Dow Jones dropped to its lowest in 2008, Sprint has been enjoying significant growth in stock price. The Instinct has been selling quite well for Sprint and was even rumored to have broken previous Sprint records.

It’s too early to tell, says Sanford Bernstein analyst Craig Moffett: “Sprint hasn’t had a big EVDO phone to compare this to,” says Moffett. “They’ve sold out of the handset in lots of stores, which is clearly good news, but it’s far from being definitive. It remains to be seen if sales are sustainable with both AT&T and Verizon reloading with the iPhone and Blackberry Bold. Selling handsets, though, is only half the fight. Sprint will have to offer more than just a bestselling handset to keep customers. Verizon reports that though they are seeing a decline in customer switching from Sprint, it remains the biggest source of “port-ins.”

[via thestreet]