Printed from http://www.electronista.com

SoftBank surges in early 2011 based on iPhone sales

updated 11:20 am EDT, Mon May 9, 2011

SoftBank rises in Q1 2011 through iPhone sales

SoftBank on Monday posted banner results that it directly credited to the iPhone and iPad. A rise in smartphones, led mostly by Apple on the Japanese carrier, was a "huge factor" in pumping profit for the early winter to $588.4 million. The figure was over 25 times larger than a year ago, although SoftBank was quick to note that dropping its 2G network cut into its profits a year ago.

The network was also the only one to see its average revenue per person go up to $52.20 from $50.47 as more people adopted smartphones. Other major carriers KDDI and NTT DoCoMo, which have Android but no iPhone, saw their average user revenue go down.

The company posted a special loss for its fiscal year equivalent to $178.8 million owed solely to dramatic earthquake relief efforts that included guaranteed jobs, living expenses, and free iPhones for those who lost theirs in the Japanese disaster. SoftBank chief Masayoshi Son personally donated $120 million and waived his salary.

NTT DoCoMo has had some success with phones like the Samsung Galaxy S and Sony Ericsson's Xperia line, but SoftBank has still typically been adding more subscribers and growing faster as a whole. Apple has faced a tough fight in North America and Europe due to Android but has been very successful in Asia in recent quarters.



By Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News