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February 7, 2013 12:31 pm EST

Sprint sells 2.2 million iPhones in Q4 2012 but sheds 1 million customers, $1.3 billion

Sprint announced its quarterly (and annual) results today, with overall revenues totaling $9 billion, up from the preceding quarter. Its wireless services formed $7 billion of that, but Hurricane Sandy was responsible for a $45 million hit to its bottom line. Sprint added that it's been able to sell 2.2 million iPhones, while its LTE network, launched last July, now handles more than 3 million connections. The network picked up 401,000 new post-paid subscribers in the process, but according to the figures, shedded 1 million existing ones from the Nextel part of the business. Its future owner, Softbank, was briefly mentioned in passing -- the Now Network received a $3.1 billion bond from the Japanese phone network for the merger.

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Source: Sprint (PDF)


Original Link: http://www.engadget.com/2013/02/07/sprint-q4-2012-financials/

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Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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