Sprint Reports Q1 2012 Earnings, 1.5 Million iPhones Sold

Posted April 25, 2012 at 4:40pm by iClarified | Please help us and submit a translation by clicking here | 3733 views

Sprint has reported its earnings for Q1 2012 which saw subscriber growth of 4%, 1.5 million iPhones sold, and $255 million operating loss.

The total number of customers on the Sprint platform grew almost 4 percent sequentially including 263,000 postpaid net subscriber additions, 870,000 prepaid net subscriber additions and 785,000 wholesale and affiliate net subscriber additions. Sprint recorded more than 1.5 million iPhone® sales in the first quarter with 44 percent going to new customers. Prepaid churn on the Sprint platform improved to 2.92 percent, the tenth consecutive quarter of year-over-year improvement.

Highlights:
● Best ever Sprint platform postpaid ARPU increase of $4.03, or 6.9 percent, year-over-year drives Sprint platform wireless service revenue growth of 16 percent year-over-year
● Operating loss of $255 million; Adjusted OIBDA* of $1.2 billion, which includes $104 million in Network Vision related operating expense
● 263,000 postpaid net additions on the Sprint platform in the quarter – eighth consecutive quarter of postpaid subscriber growth on the Sprint platform
● Total company net additions of more than 1 million for the sixth consecutive quarter
● Strong iPhone sales of more than 1.5 million – 44 percent to new customers
● Network Vision deployment continues on track
--- Continue to expect six major cities to launch 4G LTE by mid-year
--- Continue to expect 12,000 sites on air by end of 2012
--- To date work has begun on 25 percent of planned 2012 sites; 5 percent are on air
---- Nearly 1,300 iDEN sites taken off air to date; expect 9,600 total by the end of the third quarter

Read More



[via 9to5Mac]

Share
Add Comment
Bryan - April 25, 2012 at 6:46pm
So 9 million iPhones sold in the USA and 26 million in the rest of the world?(China etc.)
Follow iClarified
FireCore Brings YouTube Back to the Apple TV 2
FireCore has announced that aTV Flash(black) ...
Apple Designates Original Apple TV and Other Devices Obsolete Ahead of September Event
Apple to Help Pentagon Develop High-Tech Sensors
Apple has joined an alliance of companies tha...
Senior Director of Apple Music Ian Rogers Leaves Apple
Ian Rogers, senior director of Apple Music an...
iPhone 6s Packaging Leak Confirms 16GB Model [Photo]
Another leak of packaging material for the iP...