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Softbank: iPhone 3G helped boost profits and subscriber growth

By: , IntoMobile
Thursday, October 30th, 2008 at 11:04 AM

Things are looking good for Japan’s iPhone carrier, Softbank. Ever since the Japanese wireless carrier signed on as Apple’s iPhone 3G carrier partner, Softbank has seen their bottom line moving onwards and upwards.

Even in the face of flagging mobile phone sales amidst a global financial downturn, strong iPhone 3G sales helped Softbank increase their fiscal Q4 2008 (that would be calendar Q3 2008) net profits to ¥21.7 billion ($225 million). Softbank saw the biggest net subscriber growth in 17 consecutive months, adding 521,400 subscribers in the July-September quarter.

While Softbank stopped short of quoting hard numbers on their sales of iPhone 3G units, the company stated that, “The iPhone certainly supported our profit and boosted the number of new mobile phone subscribers during the quarter,” adding that “Since the July launch, iPhone sales have been very good.”

And, with the holiday shopping season yet to officially kick off, Softbank will likely see even better fiscal performance from continuing iPhone 3G sales.

[Via: AP]

About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...