Click to Skip Ad
Closing in...

Sprint posts huge $1.4 billion Q2 loss; 1.5 million iPhones sold, 2012 forecast raised

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.


Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.

Popular News