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Sprint Q4 Earnings: Loss of $1.32 Billion, Sold 6.6 Million iPhones in 2012

By - Source: Sprint | B 7 comments

Nextel platform lost more than 1 million subscribers.

U.S. carrier Sprint has announced its 2012 fourth quarter earnings, with the company reporting a $1.32 billion loss.

The wireless carrier reported fourth-quarter subscriber losses for its Nextel platform, with more than 1 million customers leaving the service. Its core division experienced a loss of 337,000 subscribers. It expects to close down Nextel soon.

Sprint reported a loss of $1.32 billion, or 44 cents per share, an increase from the $1.3 billion, or 43 cents a share, loss it suffered during 2011's Q4. Revenue, though, increased to $9 billion. Analysts expected a per-share loss of 46 cents a share and revenue of $8.92 billion. Full year 2012 net operating revenue stood at $35.3 billion.

The company sold 6.6 million iPhones during 2012, with 2.2 million units being sold in the fourth quarter, of which 38 percent of subscribers were new to the carrier. Overall smartphone sales during Q4 stood at 6.1 million. It's currently awaiting a $20 billion merger with Japan's SoftBank, with the U.S. carrier also attempting to acquire the remaining stake in Internet service provider Clearwire that it doesn't already own.


 

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  • 1 Hide
    jgalecio , February 8, 2013 3:08 AM
    Well I saw this coming. I am switching to another carrier when my contract is up in July. I have never had such piss poor coverage in my life until I switched to sprint....
  • 0 Hide
    halcyon , February 8, 2013 9:43 AM
    No surprise at all. I left Sprint as soon as possible. Their data network in the capital of the free world is something they should be ashamed of.
  • 1 Hide
    dgingeri , February 8, 2013 11:56 AM
    The only way they'd be losing this much would be total mismanagement.
  • 3 Hide
    rmmil978 , February 8, 2013 12:31 PM
    Unlimited data means nothing when the coverage is terrible. In my area, Verizon is LTE and averages about 5-12 MB download speeds, AT&T is HSPA+ and averages about 5-7 MB download speeds, and Sprint? Oh, about 300-500 Kilobyte download speeds. Yeah, that "awesome" unlimited plan.
  • 0 Hide
    g00fysmiley , February 8, 2013 12:48 PM
    they do definatly need to upgrade their networks i like unlimited data so want to stay with sprint, but in my city on spritn i could swap to verizon but i would be on limited data but on the upside they have 4g service here so that is nice. I want to stick with sprint nex ttime i upgrade btu if there is no 4g in my city by the end of the year i am also jumping ship
  • 0 Hide
    whiteodian , February 8, 2013 2:26 PM
    Wow. How do they stay in business... Sorry to sound like an Ad, but Straight Talk $45 a month unlimited everything on AT&T's network. I am very happy with the service and my happiness goes up being able to stop paying $100 a month to AT&T.
  • 0 Hide
    wardoc22 , February 9, 2013 2:27 AM
    I always thought that coverage could not be worse than t-mobile, but after reading the comments, I guess it could :)