Click to Skip Ad
Closing in...
  1. Best Amazon Finds Under $30
    08:33 Deals

    10 Amazon finds under $30 each that people are obsessed with right now

  2. AirPods Max Amazon
    11:49 Deals

    AirPods Max just hit a new all-time low at Amazon (cheaper than Prime Day!)

  3. Best PlayStation 5 Accessories
    15:17 Deals

    Have a video game console? This $48 device on Amazon makes it feel so much faster

  4. Amazon Deals
    10:37 Deals

    Today’s top deals: Free $15 Amazon credit, AirPods Pro back on sale, $39 soundbar, $…

  5. Wireless Borescope Camera
    13:49 Deals

    Crazy wireless camera that lets your phone see anywhere is still down to $29 at Amazon

T-Mobile’s Q1 earnings, revenue dip; 500,000 iPhones sold in under a month

Zach Epstein
May 8th, 2013 at 7:55 AM
T-Mobile Earnings Q1 2013

T-Mobile US on Wednesday posted first-quarter financial results for the pre-merger T-Mobile USA, which saw earnings and revenue continue to slide. Adjusted EBITDA of $1.2 billion was down more than 7% from the first quarter last year, and revenue sank 7% to $4.7 billion. The carrier finished the March quarter with approximately 34 million subscribers, an increase of about 579,000 customers. T-Mobile added 3,000 net branded subscribers but it lost 199,000 net postpaid customers in the quarter.

“Our first quarter operating metrics and financial results are showing positive impact from the changes we began making in the fourth quarter. Branded customer net additions turned positive for the first time since the first quarter of 2009 and our postpaid business has demonstrated significant improvement,” said T-Mobile CEO John Legere. “We ended the quarter with strong operational momentum, which is continuing into the second quarter, driven by the successful launch of our Un-carrier ‘Simple Choice’ service plan and the introduction of the iPhone into our device line-up. Things only get more exciting from here, having brought T-Mobile USA and MetroPCS together to create the wireless industry’s value leader and premier challenger.”

T-Mobile US also noted in its report that it has sold more than 500,000 iPhone handsets since it began carrying Apple’s smartphone lineup on April 12th.

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