Sprint Nextel Corp. reported Wednesday that it sold 1.8 million iPhones in its fourth quarter — 40 percent of which were to new customers, the Kansas City Business Journal reports.
Sprint began selling Apple Inc.’s (Nasdaq: AAPL) iPhone on Oct. 14; the Overland Park-based company’s fourth-quarter financial results, also announced Wednesday, marked a full quarter of results for its iPhone offering.
Sprint said that strong revenue growth — 5 percent for the quarter and 3.4 percent for 2011 — partially offset the effect of increased equipment subsidies and expenses tied to the “successful launch of the iPhone...