Sprint sold 1.5 million iPhones last quarter but still lost $863 million

Sprint has just announced its quarter one report, and the iPhone was featured pretty heavily. Aparently America’s third-largest carrier sold a respectable 1.5 million iPhones last quarter (slightly down from last holiday season’s 1.8 million). What’s more, almost half of those iPhones (about 44%) were new Sprint customers, which is definitely good news for the company. Sprint currently boasts about 32.8 million postpaid subscribers, which makes these 1.5 million new iPhone customers about 5% of Sprint’s overall user base.

However, even with these good iPhone numbers, not all was good in the Sprint corner. The company officially axed its Nextel branch, which cost $543 million. Overall, Sprint reported a net loss of $863 million which is almost double the amount of money the company lost during the same quarter last year. That being said, even though Sprint lost money, it actually gained subscribers. Yeah, I don’t really understand it either, but reportedly the iPhone helped the carrier to achieve it’s eighth consecutive quarter of overall growth.

With WWDC just around the corner and the iPhone 5 not far behind, hopefully there will be enough awesome new iDevices to help Sprint, you know, make some money this quarter.


Via: Cult of Mac (via: Sprint)


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