“Softbank Corp. said Thursday that its net profit for the three months through June surged nearly five-fold as Japan’s only carrier of Apple Inc.’s iPhone and iPad continued to enjoy solid revenue and a growing subscriber base even as rivals expand their smartphone lineups,” Juro Osawa reports for MarketWatch.
“Japan’s third largest mobile carrier by subscriber numbers logged a record net profit of Y94.79 billion for the fiscal first quarter from April to June, up sharply from Y19.44 billion in the same period a year earlier,” Osawa reports. “The popularity of Apple devices in Japan continued to underpin earnings at Softbank, whose business also includes Internet services. The iPhone and iPad have helped the carrier win new customers and generate more revenue from data transmission.”
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Osawa reports, “Operating profit for the quarter rose 12% to Y175.83 billion from Y156.60 billion a year earlier, while revenue rose 9% to Y764.24 billion from Y700.84 billion. Softbank said its average per-user revenue for the April-June quarter declined to Y4,210 from Y4,290 a year earlier, but its data ARPU increased to Y2,440 from Y2,250, helped by iPhone users who generate more revenue from data traffic.”
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