Sprint Nextel (http://www.sprint.com) has announced its latest financial results. The company reported a net loss of US$1.4 billion and a diluted net loss of $.46 per share for the second quarter of 2012 as compared to a net loss of $847 million and a diluted net loss of $.28 per share in the second quarter of 2011.
On the (sorta) bright side, Sprint sold 1.5 million iPhones during the quarter. That matches the number sold the previous quarter, though AT&T and Verizon iPhone sales were down slightly.
Sprint also noted that 40% of iPhone sales in the June quarter were to new postpaid customers. That compares to 44% the previous quarter.
Sprint reported wireless service revenues of $7.3 billion during the quarter, an increase of more than 8 percent year-over-year, driven primarily by Sprint platform postpaid ARPU growth of $4.31 – the largest quarterly year-over-year increase on record for the U.S. wireless industry.