Sprint Corp. announced advances in smartphone technology that will download apps, photos and videos more than 10 times faster than the Overland Park, Kan.-based company’s current fastest service, which it is still building.
Sprint demonstrated its new service, called Sprint Spark, at the company’s technology center in Burlingame, Calif. Sprint also reported its first quarterly profit since 2007 even as it continued to lose subscribers. The profit came from a $1.4 billion gain triggered by Sprint’s purchase of its wireless network partner Clearwire Corp. in July.
Only limited parts of five cities — New York, Los Angeles, Chicago, Tampa and Miami — have access to the service so far. Phones that can reach it won’t hit stores until Nov. 8.