T-Mobile Has Sold 500,000 iPhones In About Three Weeks

john legere t-mobile ceo announces iphone 5T-Mobile CEO John Legere.

T-Mobile, the last major US carrier to sell the iPhone, announced yesterday that it has already sold 500,000 units since the phone launched on April 12. 

In previous earnings statements, T-Mobile has blamed the fact that it didn’t carry the iPhone for losing subscribers to other carriers that did. T-Mobile has also changed the way it charges for service plans, eliminating contracts and letting customers pay month to month instead.

The carrier no longer requires customers to sign a two-year contract to get a subsidized smartphone. Instead, customers can make a down payment on a phone and pay it off gradually over two years. For example, T-Mobile sells the iPhone 5 for $100 down plus $20 per month for 24 months.

T-Mobile also reported $1.2 billion in earnings for the first quarter of 2013 before taxes, interest, depreciation, and amortization. 

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.