Softbank posts strong quarter boosted by iPhone sales

31 Jan 2013

Softbank Corp has announced sales of JPY923.7 billion (USD10.2 billion) for the three months ending 31 December 2012, up 7.1% on the back of relatively strong subscriber growth. Net income doubled to JPY65.9 billion, helped in part by sales of Apple’s iPhone 5. ‘Sales of the iPhone 5 have been strong, contributing positively to our earnings,’ Softbank chairman and CEO Masayoshi Son told reporters. For the full year to March, Softbank maintained its forecast for year-on-year growth in net sales and operating income, with the latter forecast to exceed JPY700 billion.

Japan, SoftBank Group Corp