Sprint Nextel announced that its financial results which states that 1.5 million iPhones is activated in this quarter, exactly the same as in Q2, that includes 40% new customers. The wireless carrier went to a loss of $767 million; down from $1.38 in Q2, whereas iPhone sales stayed stable. Sprint confirmed 410,000 paid subscribers were superimposed throughout the quarter—slight 442,000 less than the previous quarter.
The quarterly year-over-year increase in net subsidy is primarily due to the launch of iPhone and 4G LTE devices, which on average carry a higher subsidy rate per handset as compared to other handsets.
The sequential increase in net subsidy is primarily due to higher postpaid and prepaid handset sales and the launch of 4G devices on the prepaid Sprint platform, which on average carry a higher subsidy rate per handset as compared to other handsets.
Nevertheless, AT&T and Verizon report this quarter raised iPhone sales of four.7 million, therefore the iPhone sales gap between America’s two huge carriers is certainly increasing. Although, Sprint’s losses within the same amount last year were really $301 million, therefore interpretation of its current performance very depends on what to compare to.
With Sprint progress to to the LTE network. It is said that the LTE is currently on the market in 4,300 sites over thirty two cities, and can roll the service intent on another one hundred fifteen cities “in the next months.”
SoftBank recently in agreement to buy Sprint for $20.1 billion, and subject to approval from numerous regulative to take it in possession.