October 25, 2012
Sprint has announced iPhone sales of 1.5 million units for the company’s July through September quarter. This is the same number of iPhones sold reported by the third largest U.S. carrier for the past two quarters. In total, Sprint saw wireless revenues grow 14 percent year over year as it added nearly 900,000 to their network. For the quarter, Sprint reported an operating loss of $231 million and a net loss of $767 million on revenues of $7.3 billion. Of the iPhone activations, 40 percent were from customers new to Sprint. The company did not announce how many iPhone 5 units they sold, which went on sale Sept. 21. Earlier this month, Japan’s Softbank bought a 70 percent stake in Sprint for $20 billion as losses for the company continued to mount. Previously, AT&T announced iPhone activations of 4.7 million, while Verizon Wireless reported that they sold 3.1 million iPhones during the same quarter. Apple’s earning call is today, Oct. 25 beginning at 2 p.m. PDT.