TOKYO (AP) — Japanese mobile carrier Softbank Corp. reported a surge in annual profit because of strong demand for Apple's iPhone 4S.
Softbank reported on Thursday annual profit of 313.8 billion yen ($3.9 billion), up 65 percent from 189.7 billion yen the previous year.
Annual sales jumped nearly 7 percent to 3.2 trillion yen ($39.5 billion).
Tokyo-based Softbank credited the boost in earnings to the iPhone 4S launched in October.
The fortunes of Softbank, once the underdog in Japan's telecom industry, have improved due to the popularity of the iPhone. Initially, Softbank was the only Japanese phone company to offer the iPhone.
Source & Image : Yahoo
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