Update: August 6, 2008 – via Bloomberg – EXCERPT: “Softbank will probably sell 1 million iPhones in the first year, helping increase its lead in subscriber gains, Hiroshi Yamashina, a Tokyo-based analyst at Nikko Citigroup Ltd., wrote in a report on June 11. JPMorgan Chase & Co. estimated sales of 1 million units by the end of 2008.” Full article > HERE
EXCERPT: TOKYO (Reuters) – Shares in Softbank Corp (9984.T: Quote, Profile,Research) gained as much as 4.3 percent on Wednesday after Japan’s No. 3 mobile phone operator reported solid quarterly earnings and said it would slash monthly fees for users of Apple Inc’s (AAPL.O: Quote,Profile, Research) iPhone.
Softbank’s announcement that it would chop its lowest monthly charges for iPhone users by up to about 60 percent came less than a month after its July 11 launch of the phones, suggesting sales of the device may be losing steam after hard-core fans snapped them up in the first few weeks.
Analysts took Softbank’s move to expand its iPhone customer base to entry-level users as a positive sign because the high monthly fees — about twice the average for mobile phones — were seen as one of the main hurdles for many would-be iPhone owners.
Full Reuters article > HERE