Sprint sold 2.2 million iPhones in Q4

02/7/2013 | Bloomberg · Wall Street Journal, The · MarketWatch

Sprint Nextel today reported revenues and losses were better than analysts' predictions on strong smartphone sales, but the carrier continued to be drained by defections from its Nextel service and costs from its 4G Network Vision upgrade. Excluding Nextel's 644,000 defections, Sprint added 401,000 contract customers and sold 2.2 million iPhones. The iPhones hurt earnings in the short run due to subsidies but will eventually contribute to earnings. Analysts said investors are largely focusing on Sprint's sale of a 70% stake to Japanese carrier SoftBank.

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Bloomberg · Wall Street Journal, The · MarketWatch