Sprint announced its quarterly earnings on Tuesday. While it sold 1.4 million iPhones for the July quarter, it also lost almost 2 million subscribers as it shuttered the Nextel network in late June.
As it did in the first quarter of 2013, Sprint saw strong smartphone sales, but ended up losing a significant number of subscribers, which for the second quarter came close to 2 million customers, reports AllThingsD.
The number three U.S. wireless carrier saw its revenue rise to $7.2 billion, up 8% form the same period last year. The company still posted an operating loss of $874 million, due to depreciation of $430 million and $623 million in non-cash charges related to the Nextel shutdown.
Before the Nextel platform was shutdown completely on June 30th, Sprint was able to retain and transition more than 4 million subscribers to the Sprint platform, for a 44% postpaid recapture rate.
Smartphones accounted for 86% of all quarterly postpaid handset sales, including approximately 1.4 million iPhones, of which 41% went to new customers.
Sprint was involved in three major transactions during the quarter, a $21.6 billion takeover by SoftBank, and the acquisitions of both Clearwire and U.S. Cellular.
