T-Mobile US Q1 results: 500K iPhone 5 sales, user base grows
T-Mobile USA has been undergoing a lot of changes recently – the company launched its new UNcarrier model, started unrolling a 4G LTE network and merged with MetroPCS – and it just released its Q1 results. There's some good news and some bad news.
The good news is that the carrier sold about 500,000 iPhone 5 units after the April 12 launch (plus an undisclosed numbers of older generation iPhones). T-Mobile also saw its postpaid customer base grow by 3,000, which doesn’t sound like much but it's the first growth since 2009, and the churn rate fell to 1.9% (the lowest since 2008, this number shows how many users leave the carrier).
Actually, T-Mobile added 579,000 customers to its flock, but that's mostly from MVNOs operating on its network (376,000) and pre-paid users (202,000).
The bad news is that while revenue is up 12.4% compared to the previous quarter, it's down 7.5% year on year. Also, net income was $107 million, down from $200 million from last year's Q1.
Reader comments
- Anonymous
- Im4
The only reason T-Mobile is going the extra mile is because they are way behind all the other carriers, from Network to customer base, which means they have no choice but to do what they are doing, either that or go BUST. Sorry, but for me, I don't c...
- Zenka Ez
- jZ$
Allready left Tom cause the conection outside Vytis is totally fu and verizon much better :))) only think I don't like about Verizon it's not gsm network u cannot use any phone u like it only those wich Verizon selling
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