Sprint sells 1.5 million iPhones in Q1, cuts net losses to $863 million
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Sprint managed to cut its net losses to $863 million last quarter, while adding more than 1.1 million new customers to its network. It highlights the iPhone as a big seller: having sold 1.8 million of the devices in Q4 last year, it shifted a further 1.5 million in Q1 2012, 44 percent of which were to new customers. The company has also seen growth in postpaid customers — a net growth of 263,000 in the network last quarter alone, with each spending an average of $4.03 more than last year. The resulting Average Revenue Per User (ARPU) of $59.88 is a new record for Sprint, improving on last quarter, which set the previous high mark. »read more
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Filed in: Cell PhonesAppleSprint