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iPhone costs widen Sprint losses to USD1.3bn
Sprint sold 1.8m iPhones during its latest quarter, but subsidising costs and sales expenses helped drive it to a USD1.3bn loss. The deficit is more than three times the USD301m recorded during the same period last year, though revenues climbed 5% year on year to USD8.7bn. The mobile operator added 1.6m new subscribers during the quarter, its best performance in seven years, helped primarily by the iPhone, which accounted for just under half of the new additions. Sprint’s iPhone sales are some way behind AT&T’s 7.6m and Verizon’s 4.3m, but its new subscriber percentage is higher than its rivals.
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