Sprint narrows down losses, sells 1.5 million iPhones

Sprint narrows down losses, sells 1.5 million iPhones
Sprint continues cutting its quarterly losses and climbing back to recovery, but not as fast as it may wish for. In Q3 2012 the third-largest U.S. carrier sold 1.5 million iPhones and net loss narrowed down to $767 million.

Overall, Sprint’s revenue in the third quarter stood at $8.8 billion, and operating loss amounted to $231 million, nearly three times less than the $629 million it lost in Q2. A huge chunk of those losses come from the Network Vision plan and the continuing Nextel shutdown. Those two gobbled up $397 million in the last quarter alone.

On the plus side, iPhone sales remained steady at 1.5 million in Q3, the same as Sprint sold in the quarter before that. The carrier also registered 900,000 “LTE Smartphone” sales.

Overall, the Nextel transition is going on fairly well. The carrier increased both the number of its post- and pre-paid customers, but couldn't completely compensate for the loss of Nextel customers and ended the quarter with 56 million subscribers, down from 56.4 million.

The good news of Softbank's acquisition haven't yet finalized, but when they do, the financials of the company will definitely improve. In the meantime, though, on its own, Sprint seems to be slowly climbing back up. 

source: Sprint

Sprint narrows down losses, sells 1.5 million iPhones

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7 Comments

1. ajac09

Posts: 1482; Member since: Sep 30, 2009

400k loss is just proof that unlimited data is not working. Time to change gears.

2. DonkeySauce

Posts: 194; Member since: Dec 03, 2011

400k loss is largely contributed to the loss of Nextel customers that cancel because they are in areas that Nextel has good coverage, but Sprint does not.

7. KFear

Posts: 170; Member since: Feb 06, 2012

ajac09 is a waste of a first post. he didn't read the article

3. speed4evr

Posts: 79; Member since: Oct 05, 2011

Agreed about the loss of Nextel customers, they knew they wouldnt migrate all of the IDEN subscribers. We need to know how many post paid additions compared to post post paid losses and so on. They actually migrated more IDEN to CDMA then predicted. And as they free up the spectrum used by IDEN(850 ESMR band) they can repurpose it for CDMA and increase coverage and signal strength.

6. SellPhones82

Posts: 569; Member since: Dec 11, 2008

They recaptured 59% of iDen customers and moved them to CDMA. Here is a full break down: http://www.fiercewireless.com/press-releases/sprint-nextel-reports-third-quarter-2012-results

4. -box-

Posts: 3991; Member since: Jan 04, 2012

So it seems that plan to be such a seemingly strong iphone carrier isn't working all that well No one except the sprint board is surprised.

5. speed4evr

Posts: 79; Member since: Oct 05, 2011

Sprint has actually doing pretty good considering their predictament and have been overshadowed by it. http://newsroom.sprint.com/article_display.cfm?article_id=2440

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