Third-place wireless carrier Sprint has just released its financial report for Q4 2012. Compared to Q3’s net loss of $767 million, the carrier slumped further to a $1.32 billion loss. The carrier attributes some of the loss ($400 million) to its Network Vision buildout and the shut down of its legacy Nextel network, as well as $45 million lost to the effects of Hurricane Sandy in the New York Metro area. In relation to AT&T and Verizon, both of which had banner quarters for smartphone, and more specifically, iPhone sales, Sprint sold 2.2 million iPhones — its highest quarterly iPhone sales figure ever — and 6.1 million total smartphones.
Even though Sprint lost quite a bit of money, it’s a slightly smaller loss than Wall Street analysts suspected, so Sprint’s stock rose on the news.