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Sprint Q2 2013 Report: Strong Smartphone Sales, Loses 2 Million Customers in Nextel Shutdown

Sprint Q2 2013 Report: Strong Smartphone Sales, Loses 2 Million Customers in Nextel Shutdown

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.

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AppleInsider:

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.

  1. GG says:

    Good for Sprint, but as soon as the Iphone 5s is out I’m switching saying goodbye to Sprint regardless of the penalties I’ve to pay. The voice and data signal is atrocious, even if the phone is connected on LTE, the data rates are less than 1 meg and in my office I had to install a Sprint provided repeater which hardly works. Can’t see the Iphone 5s released soon enough.

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