Sprint (S) on Thursday reported its financial results for the second quarter of 2012. Despite the carrier’s multi-billion dollar bet on Apple’s (AAPL) iPhone, Sprint posted another big loss in the June quarter. The nation’s No.3 carrier shed $0.46 per share, or $1.4 billion, on $7.3 billion in sales compared to an $847 million loss in the same quarter last year. Sprint sold 1.5 million iPhones, 40% of which were to new postpaid subscribers, and it added a net total of 442,000 postpaid subscribers. On the upside, postpaid churn sank to a record 1.69% and Sprint also managed its best-ever postpaid ARPU at $63.38. Despite the carrier’s poor second-quarter performance, Sprint raised its adjusted OIBDA forecast for calendar 2012 to $4.6 billion from $4.5 billion.
Sprint posts huge $1.4 billion Q2 loss; 1.5 million iPhones sold, 2012 forecast raised
Updated Dec 19th, 2018 8:30PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
