iPhones and iPads Drive Softbank’s Explosive Q1 Profits

Darrell Etherington:

In case anyone doubts the power of Apple’s devices to lift the fortunes of its cellular network operator partners, Softbank’s newly reported fiscal first-quarter results (PDF) should prove convincing. The Japanese carrier reported a nearly 500 percent increase in net income for the quarter ending June 30 versus the same quarter last year. The company ascribed much of its success to strong demand for Apple mobile devices, including the iPhone and iPad.

The evidence continues to mount that the Japanese hate the iPhone.

★ Thursday, 28 July 2011