NEW YORK, (
shares surged higher Monday after the
Sprint HTC EVO
Though the company provided no numbers, Sprint says it sold three times more
HTC EVO 4G
phones on the first day than three days of
Instinct phones combined on their debuts.
Sprint could use a blockbuster hit to help thwart continued subscriber defections to
for the iPhone or to
Research In Motion
The HTC EVO is billed as the first 4G phone, which operates on a limited WiMax network and a national 3G system. Gadget fans are attracted to the HTC EVO's impressive features including the 4.3-inch touchscreen, a fast 1-gigahertz
Snapdragon processor and an 8-megapixel camera.
More on Sprint Jim Cramer: Thoughts on Sprint
News of Sprint's smashing EVO success comes just hours before
gets set to unveil its redesigned iPhone at its Worldwide Developers conference in San Francisco.
later today for live coverage of the Apple event.)
Sprint shares rose 3% to $4.92 early Monday.
--Written by Scott Moritz in New York.