Sprint loss widens on Nextel, iPhone lifts sales

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Sprint loss widens on Nextel, iPhone lifts sales

FILE - In this July 27, 2011, file photo, a Sprint logo is displayed on a store in Homestead, Pa. Sprint is expected to report its earnings Wednesday, April 25, 2012. The impending shutdown of the Nextel network doubled Sprint Nextel Corp.'s loss in the first quarter, as it wrote down the value of the network and subscribers kept leaving it. (AP Photo/Gene J. Puskar, File)The iPhone boosted struggling Sprint Nextel Corp. in the latest quarter, letting it beat AT&T and perhaps even Verizon in recruiting high-paying phone subscribers to the Sprint network.