T-Mobile Sells 500,000 iPhones in Q1, but Revenue Falls 7%

T-Mobile has released its full report for the first quarter including the carrier’s first iPhone sales numbers. After a long delay, T-Mobile finally added the iPhone to its lineup last month and has since sold 500,000 iPhone 5 smartphones. While that number is far less than the iPhone sales reported by other carriers, it’s important to remember that T-Mobile’s figures represent only a single month of sales rather than the full three months of the quarter. The carrier also did not provide combined iPhone sales figures, though it does sell older models such as the iPhone 4 and 4s.

Aside from the iPhone numbers, T-Mobile’s report contains no surprises other than what the company already spoiled in a preliminary announcement. The carrier added 579,000 new customers in the quarter. T-Mobile also lost 199,000 customers, though that’s still an improvement in the sense that customer losses were previously much higher. In the same period last year, the carrier lost 510,000 customers.

However, despite the iPhone sales and addition of new customers, T-Mobile’s revenue declined by 7% from one year ago, dropping from $5.03 billion to $4.68 billion. Adjusted earnings, excluding interest, tax, depreciation and amortization, came in at $1.2 billion. That’s an increase from the fourth quarter of 2012, but a 7.5% decline from the comparable first quarter of last year. There are signs of improvement in T-Mobile’s report, but it’s shaky and a full picture of how building an LTE network, moving to no-contract plans, and merging with MetroPCS will affect the company is still to come.

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