“Softbank agreed in October to buy a $20 billion stake in Sprint Nextel Corp. to expand into the U.S., and it has acquired eAccess Ltd. in Japan to meet bandwidth demand from iPhone users,” Fujimura reports. “Sales of the Apple devices have helped Softbank boost earnings more than sevenfold during the past four years.”
Fujimura reports, “‘Everything’s going well for Softbank, unlike DoCoMo,’ said Hitoshi Hayakawa, an analyst at Credit Suisse Group AG… The Tokyo-based company, which doesn’t offer the iPhone, had a net loss of subscribers in November, the first decline in more than five years.”
“In Japan, Softbank has narrowed the gap in subscribers with DoCoMo and KDDI Corp. by cutting basic fees and being the first in the country to offer the iPhone, adding the most net new users every year since 2007. By increasing smartphone subscribers that require more data, Softbank also raised average revenue per user,” Fujimura reports. “‘Sales of the iPhone 5 have been strong, contributing positively to our earnings,”’ Son said.”
Read more in the full article here.
MacDailyNews Take: It sucks to be an iPhone have-not, huh, DoCoMo?
[Thanks to MacDailyNews Reader "David E." for the heads up.]