Wednesday Apple Rumors: Sprint Continues to Struggle, but its iPhone Sales Shine

Here are your Apple rumors and AAPL news items for today.

daily apple rumors AAPLSprint iPhone Brings in New Customers, Revenue: Apple’s iPhone has done good for fading telecom Sprint (NYSE:S). The company on Wednesday reported its earnings for the holiday quarter, the first full three-month period that the company officially supported Apple’s smartphone. Sprint didn’t perform quite as well as its competitors when it came to Apple sales. The company sold just 1.8 million iPhones, compared to 7.6 million at AT&T (NYSE:T) and 4.2 million at Verizon (NYSE:VZ) over the same period. But even though Sprint landed only a fraction of overall iPhone sales, 720,000 of those iPhone sales were to brand new subscribers on the company’s network. A total of 1.6 million subscriptions were added to Sprint’s network during the quarter, meaning the iPhone drove 45% of new sign-ups. Sales revenue was up for the quarter year-on-year as a result, clocking in at $8.7 billion compared to $8.3 billion. Unfortunately for Sprint and its shareholders, the company also clocked a huge net loss for the quarter: $1.3 billion, or 43-cents per share.

Apple Stores Hurting Other Apple Resellers in Europe: A Tuesday report published by Les Echos (via Apple Insider) detailed the plight of third-party Apple vendors in Europe as Apple’s own retail operation expands. eBizcuss, the first authorized reseller of Apple goods in France, saw a 22% drop in sales over the last quarter. The dip was caused in part because it’s nigh impossible to keep a steady stock of goods in the store since Apple allocates more products to its own outlets. eBizzcus has filed an injunction against Apple and warned that it may file an unfair-competition complaint against the Cupertino, Calif., company if the situation doesn’t improve.

Free Paul McCartney Concert to Be Streamed on iTunes: Anyone who wants to see the coolest 69-year-old man play slick pop songs on a guitar need only switch on iTunes come Thursday. Paul McCartney will perform songs from his new album, Kisses on the Bottom, in a concert streamed through iTunes on Thursday evening. The former Beatle collaborated with a number of other popular-music icons, including Eric Clapton and Stevie Wonder, on the new album, although it’s unlikely those performers will make guest appearances in the live stream concert as well.

As of this writing, Anthony John Agnello did not hold a position in any of the aforementioned stocks. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook. For more from the company, check out our previous Apple Rumors stories.

Article printed from InvestorPlace Media,

©2021 InvestorPlace Media, LLC