Sprint Sold Best-Ever 2.2 Million iPhones During Holiday Quarter of 2012
Sprint recently announced its earnings for the fourth quarter of 2012, revealing that it sold a best ever number of 2.2 million iPhones, bringing its total 2012 sales to a total of 6.6. million. Of the 2.2 million iPhones sold in the fourth quarter of 2012, 38% of those were to new customers and 40% of the 6.6 million iPhones sold in all of 2012 were to customers new to the carrier.
As of the fourth quarter, Sprint had sold more than 4 million 4G LTE smartphones, including Apple’s iPhone 5, which debuted in September, with 20 million smartphones sold in the year of 2012. The high-speed 4G LTE network offered by Sprint that is compatible with both the iPhone 5 and Apple’s latest iPads, is now available in a total of 58 cities. The carrier expects to expand to nearly 170 more in the coming months with construction being started I n more than 450 cities.
Sprint reported a net loss of $1.3 billion though, with Dan Hesse (the company’s chief executive), attributing part of that loss to subsidies associated with Apple’s iPhone, which he said is one of the company’s “key investments.” The 2.2 million iPhones sold by Sprint are an increase from the 1.5 million the carrier had activated over the last three consecutive quarters. The carrier had surpassed 1 million LTE smartphones just before the launch of the iPhone 5.