T-Mobile finally started selling the iPhone back in April, and it has already been a successful move. In its financial report for the first quarter of 2013, which was published this week, the carrier reveals that it sold half a million iPhones in less than a month.
Despite 500,000 iPhone sales, T-Mobile still saw a 7% drop in revenue from a year earlier, while adjusted earnings were down 7.5% to $1.2 billion. That is an increase over T-Mobile’s fourth quarter earnings, however.
This has been one of T-Mobile’s busiest quarters in recent history. In addition to adding the iPhone to its ranks, the company also rolled out its new “Uncarrier” initiative, which does away with traditional carrier subsidies; and closed its deal to acquire MetroPCS.
The company also spent billions on building up its LTE network in an effort to better compete with the likes of AT&T and Verizon.
Back in April, T-Mobile announced that it had added 579,000 subscribers during the first quarter, which ended March 31.
“Our first quarter operating metrics and financial results are showing positive impact from the changes we began making in the fourth quarter,” said T-Mobile CEO John Legere. “Things only get more exciting from here, having brought T-Mobile USA and MetroPCS together to create the wireless industry’s value leader and premier challenger.”