Sprint now has 3 million LTE subscribers, revenues rise to $9 billion

Sprint has posted the financial results of the fourth quarter of 2012, and things are looking rather good on the whole for the wireless carrier. Launching their 4G LTE network halfway through the year, the company now boasts a sizable 3 million connections to the service. Overall, Sprint added 401,000 new post-paid subscribers. Net additions were up 18 percent year-over-year.

Revenues for the quarter were up to $9 billion, while the total for the year came to $35.3 billion.  The company still posted an annual operating loss of $1.8 billion, however.

For 2012, Sprint moved almost 20 million smartphones, accounting for 89 percent of postpaid handset sales. The report cites yearly iPhone sales of more than 6.6 million. Some quick math would indicate around 13 million Android phones sold, give or take a little when factoring in other smartphone platforms.

Sprint is expected to complete a deal later this year that will see Japan’s SoftBank take over as the majority owner of the company.

[Sprint via Engadget]

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  • NYCHitman1

    Woo hoo! Go Sprint. Let’s see how many dislikes I can accumulate from the trolls lol.

  • http://twitter.com/PickleJFrog Pickle J. Frog

    Just imagine how many they would have if they treated the Manhattan area as if it were an important market.

    • NYCHitman1

      It is an important market. If not one of the top 3 most important markets for any carrier (NYC). The issue is that Sandy really did more damage than anticipated, and Sprint was already experiencing some slow downs in Network Vision roll out. NYC as a whole is 3 months behind schedule. It could be worse. I’m being extremely patient.

      • http://twitter.com/PickleJFrog Pickle J. Frog

        NYC as far behind several other markets months before Sandy. Sorry but Sandy is a lame excuse. LTE should have already been in place in the Manhattan area several months before Sandy. This isn’t the first time that they have had this area lag far behind many other small markets. It is a pattern.

        • james ortiz

          I haven’t gotten 4g in the Manhattan area yet… I do get it in the Bronx area

        • http://twitter.com/slayerpsp S.Rambo

          Lots of people the most dense in the country takes more time and towers to cover heavy populated areas and have a fast connection that is why all of us big city folks have to wait. Im good for now but im sick of paying 220 a month for 3 lines ill switch one line out in June give a pay as you go a try

          • http://twitter.com/PickleJFrog Pickle J. Frog

            If that excuse makes ANY sense why hasn’t effected Verizon and AT&T the same way?

        • NYCHitman1

          Don’t get me wrong. I’m not disagreeing with you. I’m just stating what the deal is currently. However, we cannot discount the difficulties of building a brand new network in a densely populated city. Too many issues come into play. One example would be the building permits issue, and constraints with supervisors, etc.. I had a general idea of how long this would take, and that idea seems to be fairly accurate.

      • camelsnot

        NYC has been behind for years. Don’t Sprint Sheep.

        • NYCHitman1

          What has occurred in the past is irrelevant to the changes that Sprint’s network is currently undergoing.

  • Felix Rodriguez

    “Sprint has posted the financial results of the fourth warted of 1012″

    Damn Sprint is old!!

    • NYCHitman1

      Lmfao. I didn’t even notice that typo.

  • Mark

    I can’t stand how people do math sometimes.

    Sprint gains 401,000 new customers but loses 243,000 existing customers.
    So they only REALLY gained 158,000 new customers.

    Now.. the “Nextel” side (which is still sprint last time I checked!) loses 644,000 customers.

    So.. did they lose or gain?
    Looks to me like they lost…. both money (a lot of it) and subscribers.

  • C-Law

    Sprint lte is kinda pathetic though. My gf has Sprint and a gs3 in Houston and average download speeds when I run speedtest at different places is around 3mb, even with full bars. There’s one place where she hits 8-12 but compared to Verizon, there’s no comparison

    • NYCHitman1

      It’s not supposed to compete with Verizon, just an FYI.

      • camelsnot

        delusional. Sprint and VZW are competitors. Just an FYI. derp.

        • NYCHitman1

          How is it delusional? VZW offers blanket coverage on 10×10 carriers, whereas Sprint is providing dense coverage on 5×5 carriers. Do the math. It will never compete with the network. It’s purpose is to properly distribute bandwidth to customers while not overloading any particular tower. Read.

        • Carl Rood

          Yes and no. While there is overlap, they’re not necessarily targeting the same customers. Sprint attracts a more cost conscious consumer who is willing to sacrifice a degree of coverage and tolerate a slower rollout in exchange for lower costs. Verizon targets customers willing to pay more.

    • arunningpir8

      Except that the bars don’t represent your LTE signal…the bars only represent your 1x signal, nothing else. To see your LTE signal strength you have to go into the engineering menu and look at the dBm there…when I get in the -80′s or so I’m pulling between 20-30. Judging by those numbers, she probably has a very weak LTE signal.

    • Tommy Thompson

      I live in Houston, getting 25mb down pretty regularly.

    • DavidVarghese

      I live in the Houston area, but commute to Houston daily… I get 8-17 mbs, but it’s very spotty

    • Chris Landry

      I live in NOLA and we’re just getting our first LTE towers so its kinda slow and a work in progress, but I visited Houston in October and I was getting 15-20 in a lot of places around Houston. Even though Sprint isn’t going to be as fast as Verizon, I’d be happy with 8-12 and unlimited usage instead of getting 20+ on Verizon with data limits

    • Ana

      3 Mbps is good enough to to stream music and video and its unlimited …..

  • ArmageddonX

    Extremely disappointed Phoenix Az is still not even on the road-map. Sixth largest city in the US. My contract is up in June. Can’t wait.

  • james ortiz

    watch them lose all of those people by next quarter… sprint had horrible service

  • WhoaManWtF

    On at&t I actually have and use LTE everyday, all my sprint friends are jelly and planning to switch now.

    • Chris Landry

      Yes, I’m very jelly of the dropped calls, data limits and extra $20 a month AT&T would cost

  • Napster87

    where is it that Sprint works for people? Pretty much all of Northern California has horrible 3g signal and no LTE. the wi-max gets 3-4 mbps. I’d love to see them improve in the area so i’d have more options.

    • Carl Rood

      Some of us have neither LTE nor WiMax, boo freakin who for you.

      • Napster87

        I think its funny that you think this effects me even though I implied that I don’t have sprint. Have a good day. Carry on acting like a biotch

  • http://www.facebook.com/Dr.Mark.Lipschitz Mark Lipschitz

    First of all… Sprint makes you pay your phone bill at the beginning of the month, isn’t that technically pre-paid subscribers? Also, arent all of Sprint’s customers LTE subscribers? They make you pay for the service whether you have it or not.

    • Mandro1d

      Do your research before you make ignorant comments. Sprint is a post paid carrier, you pay based on your bill cycle date. That can be anywhere from the first of the month to the last. Also, sprint charges you for data if you have a smartphone, not unlike any other major carrier, and not “just because”.

      • Jaymoon

        So all smartphone customers (4G or not) pay $10 extra per month. Nevermind you could switch to a dumb Windows Mobile phone and use MORE than with an Android phone, it’s all about taxing the customer for service they’ll never be able to use.

        I’ve been a Sprint customer for 7 years, used 4G wimax once in those 7 years, but have been paying $10 extra every month for 4 years now. On top of that, I’m lucky if I get 1Mb 3G service. My typical download speed is 50kb/sec.

        Looking forward to my last day with Sprint (which is VERY soon)!

    • Chris Landry

      Sprint doesnt have “LTE plans”. They have “data plans” which includes all types of data connections (3G, LTE, Wimax). If you don’t want to pay for a data plan, buy a feature phone instead of a smartphone. And not all Sprint customers are LTE subscribers, because most people haven’t upgraded to LTE capable phones yet

  • Frankie Abaddon

    ROFLMFAO in my area hell with LTE. The 3G sucks and no LTE in sight. And with me working in a welfare city where Boost and Virgin mobile users are vast. Which translate to me getting screwed and the welfare user getting a cheap ride on the same network.

  • meyerweb

    3 million LTE subscribers, of whom 300,000 actually have 24×7 access to Sprint’s LTE network….. Yes, I’m a Sprint subscriber.