Sprint loss deepens to 1.3B in Q4, iPhone sales rise, while subscriber growth remains stagnant

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Sprint Nextel, the third largest wireless provider in the U.S., has just announced results for Q4 2012, reporting a net loss of $1.3 billion, and a negative EPS of $.44. That’s compared to a net loss of $1.3B and a diluted net loss of $.43 per share in the same quarter last year.

The Wall Street crowd were expecting The Now Network to report a loss of $0.46 per share for the fourth quarter on revenue of $8.92 billion. Sprint nearly beat expectations, instead recording a loss of $0.44 per share last quarter, or $1.32 billion, on sales totaling $9 billion. Now let’s get to what everyone seems to care about more, and that’s how many iPhones were sold by the company in the fourth quarter.

Sprint said it sold 2.2 million iPhones during the holiday quarter. This number is up from the 1.5 billion it had moved in the previous quarter, but is still laughably behind what AT&T and Verizon had announced last month. During the same quarter, Big Red managed to sell 6.2 million iPhones, while AT&T sold 8.6 million.

Other numbers for Sprint included an addition of 401,000 to the company’s postpaid subscriber base. The carrier also added 525,000 new prepaid subscribers. However, 1.02 million customers bounced away from Sprint to other carriers (more than likely Verizon and AT&T).

It’s going to be interesting to see what happens to Sprint after 70 percent of the company gets officially gobbled up by Japan’s Softbank Corp. The Japanese carrier a few months ago closed a deal for $20.1 billion. Deal is still under review from the FCC.

[via Sprint]

 

 

 

  • Anonymous

    Losses are met by angry customers with lack of services. Exceed expectations and they will line up, until then roll some pennies.

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