Back in 2011, Sprint famously committed - so the rumor mill says - to buying 30.5 million iPhones of the period of a few years. Sprint at the time was the only large U.S based carrier without the iPhone and the result was high subscriber churn to carriers like Verizon and AT&T. Put simply, Sprint had to get on the iPhone bandwagon even if the cost was seemingly high.
Since then, the iPhone has done rather well for Sprint.
This week, Sprint posted earnings from the quarter gone by and recorded 1.4 million in iPhone sales. What's notable, however, is that 574,000 of those sales went to customers entirely new to Sprint.
In the same quarter a year-ago, by way of comparison, Sprint sold 1.5 million iPhones. So year over year, iPhone sales on Sprint haven't really grown much. While that may not ordinarily be cause for concern - given the uneventful July quarter and the current state of the economy - it's worth pointing otu that iPhone sales on Verizon really skyrocketed this past quarter.
As for the state of Sprint itself, the company noted that it lost about 2 million subsribers last quarter resulting from the shutdown of the Nextel network. Earnings wise, the carrier posted a loss of $874 million. Previously, Sprint CEO Dan Hesse has said that he doesn't expect the company's iPhone investment to start paying off dividends until 2014.
via All Things D