Sprint's iPhone gamble isn't paying off as 2012 Q2 figures reveal $629 million operating loss

Sprint's second quarter figures have arrived, showing that the company's billion-dollar gamble on the iPhone isn't working right now. While it sold 1.5 million Apple-branded handsets in the three month period (40 percent to new and postpaid customers), it recorded an operating loss of $629 million and a colossal net loss of $1.4 billion - compared to an operating loss of $255 million and a net loss of $863 million in the first quarter. Operating revenues of $8.8 billion improved on those in the first quarter by a single percent - mostly due to higher service fees from its wireless offerings.

Engadget , Sprint's iPhone gamble isn't paying off as 2012 Q2 figures reveal $629 million operating loss, Sprint's iPhone gamble isn't paying off as 2012 Q2 figures reveal $629 million operating loss