Sprint Posted a Huge Lose

Sprint (S) on Thursday reported its financial results for the second quarter of 2012. Despite the carrier’s multi-billion dollar bet on Apple’s (AAPL) iPhone, Sprint posted another big quarterly loss in the June quarter. The nation’s No.3 carrier lost $0.46 per share, or $1.4 billion, on $7.3 billion in sales compared to an $843 million loss in the same quarter one year earlier. Sprint sold 1.5 million iPhones, 40% of which were to new postpaid subscribers, and it added a net total of 442,000 postpaid subscribers. Postpaid churn sank to a record 1.69% however, and Sprint also managed its best-ever postpaid ARPU at $63.38.

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