The company reported a $1.3 billion net loss on a $8.72 billion revenue, with much of the losses attributed to iPhone subsidizing costs.
Sprint said its iPhone sales in the quarter were 1.8 million, 40% of which were to new customers. However, one has to keep in mind that if Sprint sold more iPhones, its loss would be even bigger.
Overall, Sprint now has 55 million net subscribers -- 1.6 million more than in Q3 2011; 33 million of those subscribers are post-paid, 14.8 million are pre-paid and 7.2 million wholesale and affiliate subscribers.
“During the past year, Sprint added more than 5 million net new customers and grew wireless service revenue by more than 5%, including 17% for the Sprint platform. This momentum gives us confidence as we execute our Network Vision upgrade and 4G LTE roll-out,” said Sprint CEO Dan Hesse in a statement.
Sprint's competitors recently reported similarly positive results when it comes to iPhone activations. AT&T said it activated 7.6 million iPhones last quarter, and Verizon activated 4.2 million iPhones during the same period.
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