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NewsPoster Apr 24, 2013 08:18 AM
Sprint sells 5M smartphones, 1.5M iPhones in first quarter
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 <a href="" rel='nofollow'>financial results</a>. 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 <a href=" ies/" rel='nofollow'>fourth quarter</a> last year. <br />
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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. <br />
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The new financial figures may give shareholders something to think about when considering the current acquisition of Sprint by <a href=" ages/" rel='nofollow' target="_self" title="">SoftBank</a>, as well as the new offer from <a href="" rel='nofollow' target="_self" title="">Dish Network</a>.
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