Softbank Corp has reported a five-fold increase in net income for its fiscal first-quarter ending 30 June 2011 to a record JPY94.79 billion (USD1.22 billion), from JPY19.44 billion in the same period a year earlier, driven by strong demand for iPhones and iPads. Commenting on the results Softbank CEO Masayoshi Son said: ‘The solid growth in average per-user revenue and subscribers are behind our stable profits. I believe this trend will continue for some time.’ With strong sales of Apple devices continuing to underpin earnings, Son added: ‘The iPhone’s strength is standing out the more people come to use smartphones’. Softbank booked quarterly operating profit of JPY175.83 billion, up 12% from JPY156.60 billion a year earlier, while revenue rose 9% year-on-year to JPY764.24 billion. Softbank said average per-user revenue (ARPU) for the April-June quarter declined to JPY4,210 per month from JPY4,290 in the corresponding period a year ago. However, data ARPU increased to JPY2,440 from JPY2,250, aided by the aforementioned rise in iPhone users, who typically generate more revenue from data traffic.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors