AAPL Stock: 118.03 ( -0.85 )

Printed from

Sprint sells 5M smartphones, 1.5M iPhones in first quarter

updated 08:16 am EDT, Wed April 24, 2013

Financial results show relatively steady revenues, mass Nextel exodus

Sprint managed to sell 5 million smartphones in the first quarter of this year, making up 86-percent of its device sales, according to recently released financial results. While 1.5 million iPhones were sold in the period, 43-percent to new Sprint customers, this is a drop from the record 2.2 million iPhones sold during the fourth quarter last year.

Though revenue totaled $8.8 billion for the quarter, roughly similar to last year, the net loss of $643 million is a minor improvement on the net loss of $863 million year-on-year, and a major improvement from the loss of $1.3 billion last quarter. Postpaid customer numbers have dropped by 560,000 in total, with the 12,000 gained through Sprint itself lost by the 572,000 leaving Nextel, giving Sprint a total of 31.3 million customers on contract at the end of the quarter.

The new financial figures may give shareholders something to think about when considering the current acquisition of Sprint by SoftBank, as well as the new offer from Dish Network.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented