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Sprint sells 2.2 million iPhones, loses $1.3 billion in Q4 2012

News by Andrew Kameka on Thursday February 07, 2013.

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Sprint today announced its fourth quarter and annual earnings for the year 2012. The third-place carrier revealed that it had its "best-ever" sales period of the iPhone, moving more than 2.2 million units, 38 percent of which were to new customers.

Sprint finished 2012 with a total of 6.6 million iPhone sales, 40 percent of which were to new customers. The carrier sold nearly 20 million smartphones overall last year, and 89 percent of handset purchases in the fourth quarter were for smartphones. Sprint saw a net addition of 401,000 customers last quarter, bumping its subscriber numbers to over 55.6 million.

Expenses related to Sprint's conversion of its legacy network to a modern set-up, as well as the costs of building a 4G LTE network, lead to Sprint's loss of more than $1.3 billion. The company was also negatively affected by $45 million in costs related to Hurricane Sandy.

source: Sprint

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Andrew Kameka
Andrew is based in Miami, Florida.

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