Wednesday, April 24, 2013

Sprint reports net loss of $643 million in Q1 2013

Sprint reports net loss of $643 million in Q1 2013

Sprint

$7.1 billion in revenue, 5 million phones shipped, $29 million in operating income

Sprint reported their first quarter financial results for 2013 today, which included $7.1 billion in revenue - that's 9% up from Q1 last year, and their new all-time high. Sprint boasted that this quarter they've enjoyed the fastest year-over-year increase in operating income in more than six years: $29 million, which is up 25% from the same figure in 2012. After all was told though, Sprint still reported a net loss of $643 million, which isn't quite as bad as the $863 million loss last year, and definitely the $1.3 billion loss last quarter. 

Sprint felt it necessary to point out that 1.5 million of their 5 million smartphone sales this quarter were iPhones, because nobody cares about where the other 3.5 million phones came from, I guess? 

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Malin Akerman
Mila Kunis
Eliza Dushku
Adriana Lima

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