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Sprint Reports 1.5 Million iPhones Sold, $863M Net Loss in Q1 Earnings

by Todd Haselton | April 25, 2012

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Sprint announced its first quarter earnings for 2012 on Wednesday in which the carrier noted that it sold 1.5 million iPhones, 44% of which were sold to new customers. The carrier said it added a total of 1.1 million new net subscribers during the quarter and that it now serves a record 56 million customers. Prepaid churn was 2.92%, an improvement over the same quarter last year. The carrier, however, reported a net a net loss of $863 million, a loss of $.29 per share. Wireless service revenues were $7.2 billion for the quarter, up more than 7 percent year-over-year.

“The continuing revenue growth on the Sprint platform, which represents the future of our company, driven by record ARPU improvement and strong net subscriber growth, contributed to our Adjusted OIBDA performance of $1.2 billion,” said Dan Hesse, Sprint CEO. “The value and simplicity of our unlimited data, talk and text plans, combined with an unsurpassed customer experience and our increasingly robust device portfolio make for a strong combination.”

[via Sprint]

 


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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...


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