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Saturday, July 28, 2012

Sprint announces Q2 2012 financial results, 1.5 million iPhones

Spring announces Q2 2012 financial results, 1.5 million iPhones

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



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