Sprint announces Q2 2012 financial results, 1.5 million iPhones

By Rene Ritchie
published

Sprint has announced their second quarter, 2012 earnings and they include 1.5 million iPhones sold, 40% of which went to new customers. They reported a net loss of $1.4 billion, compared to a net loss of $847 million for the same quarter a year ago. Sprint CEO Dan Hesse said:

The Sprint platform achieved best ever postpaid ARPU and customer churn that, combined with disciplined customer acquisition and cost management, contributed to our Adjusted OIBDA* of $1.45 billion. Based on this performance, we are raising the 2012 Adjusted OIBDA* forecast to between $4.5 billion and $4.6 billion.

This line is also interesting:

Operating loss of $629 million; Adjusted OIBDA* of $1.45 billion increases 10 percent year-over-year and includes Network Vision and iPhone dilution

AT&T, Verizon, and Apple have all previously announced earnings for the quarter.

Source: Sprint

Rene Ritchie
Rene Ritchie
Contributor

Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.