T-Mobile's Q2 2013 results include 1.1 million new customers, 4.3 million smartphones soldAlex Wagner - Editorial Director of News and Content
Last month saw Verizon, AT&T and Sprint share their respective second quarter 2013 results, revealing just how well they performed during the April to June period. Now it's time for us out the big four U.S. carriers with T-Mobile's Q2 2013 stats.
T-Mobile announced this morning that it added a total of 1.1 million customers during the second quarter of 2013. That includes 678,000 total branded customers, which is quite an improvement over the 3,000 branded additions it saw last quarter and is actually T-Mo's strongest branded growth in four years. The magenta operator ended Q2 2013 with a total of 44 million customers, a stat that includes around 8.9 million subscribers that it gained by acquiring MetroPCS.
T-Mo reports that it saw smartphone sales of 4.3 million during the quarter, meaning that smartphones made up 86 percent of its total phone sales. T-Mobile says that the Apple iPhone 5 and Samsung Galaxy S 4 combined to make up a good chunk of its overall smartphone sales, representing 26 percent and 18 percent of its total smartphones sales.
Looking at the LTE network that many of those smartphones will latch onto, T-Mobile says that its LTE service is now available to 157 million POPs in 116 metro areas, which includes 73 of the top 100 U.S. markets. The carrier expects to reach 200 million POPs before the end of 2013.
On the financial side of things, T-Mobile finished the second quarter with total revenues of $6.2 billion, an increase from $4.7 billion in the previous quarter. The carrier's ended up suffering a net loss of $16 million for the quarter, though, a decrease from the $107 million in net income that it gained in Q1 2013.
T-Mobile also took the time to tease its plans for the future. Legere and Co. say that they plan to continue their network modernization efforts, which includes both a 4G LTE rollout, refarming of the 1900MHz spectrum for HSPA+ use and general coverage improvements. T-Mobile also expects to continue integrated MetroPCS and growing that brand. Finally, T-Mo teased the next phase of its Un-carrier effort. The first 2 phases saw the introduction of the Simple Choice plan and the JUMP! program, but there's no word yet on what phase 3 might entail.
Overall it looks like T-Mobile had itself a decent little quarter. The addition of 1.1 million subscribers is a big deal for the big magenta operator, and along with the near-9 million users that it gained from MetroPCS, T-Mo is now right around 10 million subscribers behind the No. 3 carrier, Sprint. T-Mobile's unique service plans and upgrade program seem to be doing alright for it so far, and its recent expansion to a total of 116 LTE markets should help T-Mo to continue to grow. Here's to hoping that its next LTE growth will take place sooner than the 4 month period that separated its original launch and recent expansion.
T-Mobile is scheduled to hold an earnings call at 11 a.m. this morning to discuss its Q2 2013 results. As usual, you can bet that I'll be dialed in and listening for any morsels of information that ol' T-Mo has to share.