One of the biggest U.S. Carrier, T-Mobile, reports selling a high number of iPhone units in the first month of Apple partnership, and the profit reached 500K.
The financial report for the first quarter of 2013 published on Tuesday revealed the fact that T-Mobile’s earnings suffered a strong growth in the second quarter. More precisely, the profit increase is because the carrier faces 500K sales since Apple’s handset came on April 12.
The nation’s fourth-largest wireless carrier encountered a 7.1 percent year-over-year decline in revenues for the first quarter of 2014, which ended in March 31. The overall profit reached $1.2 billion, down with 7.5 percent adjusted before tax, depreciation and amortization.
At it was stated above, T-Mobile begun selling Apple’s most popular device on April 12, debuting on the so-called “Un-Carrier’s network along side a no-subsidy pricing structure. In this way, the 16 GB iPhone 5 is sold for the $99 upfront fee with the rest of the amount to be amortized in $20 installments spread on 20 months.
Since T-Mobile suggested a financial drop, quarter-on quarter numbers were pretty high, which represented a promising sign as the company plans to build its 4G LTE network. The Un-carrier was the last U.S carrier that signed a deal with Apple in order to sell the iPhone.
T-Mobile’s CEO, John Legere confected the fact that the “first quarter metrics and financial results are showing possibility impact from the changes we began in the fourth quarter”. In the same time, they ended the quarter with a strong successful launch of the already mentioned “Un-carrier’s offer, “Simple Choice” service plan and the introduction of the iPhone into out device line-up”.
The first quarter ended with customer net additions stool at 3,000 customers, presenting a positive growth for the first time since 2009. The branded postpaid net losses were at 199,000, an increase of 61 percent from 2012. At that time, the branded prepaid net additions hit 202,000 customers.
In what concerns the number of customers, the inclusion of the iPhone within its product portfolio surely made a big difference. T-Mobile ended the first quarter with more than 34 million customers, an increase of 579,000 from the end of the fourth quarter in 2012.
As the numbers have stated above, T-Mobile is experiencing an incredible growth in what concerns the profit numbers, customers and iPhone units sold. The introduction of iPhone 5 within its product line-up was a profitable and valuable move.