KDDI bucks global trends – profits up 27%!
By Ben Robinson on Wednesday, October 29th, 2008 at 1:24 AM PST In Financial/Corporate News, KDDI
KDDI Corp has reported a 27% gain in profit for Q3 2008, and remains on track to reach its full-year forecast of $4.4 billion. The company earned 138.5 billion yen ($1.4 billion) for the quarter.
Wow! good numbers!
The full-year forecast is apparently below analysts expectations, but nonetheless it is still a good result in the face of what is going on with many economies currently. The reason behind the profits boost, is at least partly due to KDDI switching from handset subsidies to charging more for the handset (with resulting cheaper calls/tariffs).
There has been a slowing of handset sales, but, on the flipside, subsidy payments to handset vendors have dropped greatly. I wonder if we’ll see this widespread in Europe in not so very long? Already some operators have SIM-only tariffs, and many have introduced 18 months contracts as standard, so what’s next – BYOM (bring your own mobile)??
[Via: telecomasia.net]
