Leap will not re-order the Apple iPhone despite bump up in sales
Leap CEO Doug Hutcheson is now saying that a device financing program being offered by Leap is helping sell more units of the Apple iPhone. During Leap's last earnings call, Hutchinson said that the company is about to roll out another phase of the financing program that will expand it to cover two-thirds of those coming to Leap from post-paid carriers. Despite the recent bump up in iPhone sales, Hutcheson says the company will not purchase any more iPhone units beyond the amount it has contracted for from Apple.
Leap recently reported a loss of 93,037 customers in the first quarter. That was a big improvement on a sequential basis as the carrier lost 337,000 net subscribers in the fourth quarter. A year earlier, the carrier gained 258,060 customers in the first quarter. The mobile operator now has a total of 5.2 million customers. First quarter revenue dropped 4.3% to $789.9 million while service revenue declined 11.6%. Leap reported an operating loss of $29.4 million for the period.
The CEO also said that five more 4G LTE phones were coming to the carrier including the Samsung Galaxy S4.
1. alpinejason (Posts: 262; Member since: 06 Sep 2011)
Why would anybody want such an expensive phone.on the worst service ever also Sprint as well
3. Doakie (Posts: 1758; Member since: 06 May 2009)
I also ask myself all the time why anyone would buy an iPhone, I will never understand such self destructive behavior. :)
2. chemhaz (Posts: 161; Member since: 04 May 2012)
Three years is a long time in the mobile phone industry...... looks like they their nuts on this deal.
4. InspectorGadget80 (unregistered)
Leap made a smart move.
5. lyndon420 (Posts: 3254; Member since: 11 Jul 2012)
Nice that apple looks after their partners. "Can't sell our crappy phones? F*ck you...pay us"!