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.
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