iPhone accounts for 40% of new Sprint customers in Q4 2011

Updated
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Announcing its fourth quarter 2011 financial results, newly-added iPhone carrier Sprint revealed that the launch of the handset boosted revenue and subscriber numbers, but also led to a large net loss for the quarter. According to the company, it sold 1.8 million iPhones in the quarter, 40 percent of which were purchased by new customers. That number that helped the company add 1.6 million net subscribers during the quarter, it’s best quarterly result in six years. Operating revenues for the quarter were $8.7 billion, or up five percent over the prior and year-ago quarters, which helped to offset “the impact of increased equipment net subsidies and sales expense associated with the successful launch of the iPhone”. Overall, the company reported a net loss of $1.3 billion for the quarter.

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Charles Starrett

Charles Starrett was a senior editor at iLounge. He's been covering the iPod, iPhone, and iPad since their inception. He has written numerous articles and reviews, and his work has been featured in multiple publications.