Sprint’s Q4 results: $1.32b loss on $9b, 2.2 million iPhones sold

Early this morning, Sprint has announced their Q4 earnings (or lack thereof). While most of the news was bad, including a $1.32 billion loss on $9 billion of revenue, their results were actually better than what analysts were hoping. More bad news includes a net loss of 337,000 customers, primarily due to the more than 1 million loss of Nextel customers who left the service. On the bright side, Sprint sold more than 2.2 million iPhones, 38% of them being to new customers on the carrier. To put this into perspective, Verizon sold three times as many iPhones within the same period, with AT&T selling nearly four times as many iPhones. Sprint is continuing to improve upon their network, with most of their 4G LTE rollout and construction expected to be completed towards the end of 2013 or early 2014 to cover more than 200 million potential users.

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Source: CNET, Sprint