MacNN | Apple products continue to drive Softbank mobile profits
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Apple products continue to drive Softbank mobile profits
Thursday, January 31, 2013 @ 10:02pm

Japanese mobile phone operator Softbank doubled its profits in the third quarter largely on the strength of Apple's iPhone and iPad. Net income climbed to 65.9 billion yen ($724 million) in the quarter that ended in December, up from $357.5 million a year ago. Sales grew 7.1 percent to $10.1 billion. The company rose 2.7 percent to close at $35.53 per share before the earnings announcement.



The company purchased a $20 billion share of Sprint Nextel to expand into the US, and also purchased Japanese company eAccess to meet iPhone bandwidth increases caused by the iOS devices on its network. The company believes that sales of Apple products have helped Softbank increase its earnings by seven times during the last four years. “Sales of the iPhone 5 have been strong, contributing positively to our earnings,” CEO Masayoshi Son said. Credit Suisse Group AG analyst Hitoshi Hayakawa said that "everything’s going well for Softbank, unlike DoCoMo." Japan's largest wireless company DoCoMo posted declining earnings but increasing income for 2012. DoCoMo doesn't offer the iPhone, and suffered a loss in subscribers in November and December, the first losses in five years.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • Giveaway: win one of five copies of Printworks - 7:34 PM EST
  • Hands On: Printworks (OS X) - 7:33 PM EST
  • Yosemite uploads location, search data to Apple via Spotlight - 6:46 PM EST
  • Apple breaks all-time Mac sales record over summer - 6:29 PM EST
  • Briefly: Dropbox 3.5 for iOS, memory upgrades for new 27-inch iMacs - 5:29 PM EST
  • Apple Q4 breakdown details hits to iPad, iPod numbers - 5:26 PM EST
  • Apple pulls in $42.12 billion in Q4 revenues, driven by iPhone 6 - 4:53 PM EST
  • All iOS apps must support 64-bit code as of February, Apple says - 4:24 PM EST
  • Apple Store, other iOS apps update with support for Apple Pay - 3:19 PM EST
  • Obama signs BuySecure executive order to hasten US EMV adoption - 1:57 PM EST
  • Apple releases iOS 8.1 with Apple Pay, iCloud Photo Library, more - 1:32 PM EST
  • Chinese government hijacking iCloud, Microsoft logins, reports say - 12:40 PM EST
  • Apple pushing for $5 monthly fees in move to relaunch Beats Music - 11:12 AM EST
  • Most early Apple Pay transactions likely to be in-app, Apple says - 10:06 AM EST
  • Benchmark estimate suggests decreased Mac mini multi-core performance - 9:29 AM EST
  • Spotify introduces multi-user discounts in Family subscriptions - 7:19 AM EST
  • Microsoft smartwatch touted for launch within weeks, sale soon after - 6:05 AM EST

    Today's iPodNN Stories:
  • IBM pays GlobalFoundries $1.5B to take chip business off its hands - 7:05 PM EST
  • Fitbit shares findings on allergic reaction to Force, adding warning - 5:35 PM EST
  • Google gets FCC approval for Nexus Player, back on pre-order - 3:57 PM EST
  • OnePlus One pre-orders open for one-hour window on October 27 - 3:52 PM EST
  • Microsoft updates Skype for Windows Phone, adds drawing tool - 2:49 PM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.