Three out of every four smartphones sold in Japan are reportedly iPhones, but how did the Apple devices get there to start with?
SoftBank CEO Masayoshi Son shed some light on that question during a television interview with Charlie Rose which aired earlier this week, in which he told the story of how he landed the iPhone back in 2008.
Just to put the following report in the proper perspective, let’s start out by saying that two months ago — just two days after Apple debuted iOS 7 at WWDC 2013 — we predicted that the iPhone 5S would be released on September 20th later this year, after debuting ten days earlier.
How did we come up with that date? It was easy. We looked at what Apple had done in previous iPhone launches, and then took a look at the calendar for 2013. No soothsaying, no mysterious sources. It was as simple as that.
So when Japan’s largest industry newspaper, Nikkei, starts reporting that Apple will release the iPhone 5S and 5C on (yup) September 20th, you have to ask yourselves. Do they actually know? Or are they just fudging it?
Satellite TV provider Dish Network is looking to derail Sprint’s deal with SoftBank and acquire the carrier with a $25.5 billion bid. Dish has offered $17.3bn in cash and $8.2bn in stock for 100% of Sprint shares, and the company argues that the deal represents a 13% premium over SoftBanks “complicated” bid to acquire 70% for $20.1 billion.
Sprint has today announced its fourth quarter and full year financial results for 2012, and they don’t make for pleasant reading. Despite healthy smartphone sales driven by the iPhone, the carrier reported a loss of $1.3 billion for during the three-month period, which is the same figure it lost during Q4 2011. It also saw more than 1 million Nextel subscribers jumping ship.
SoftBank, Japan’s third-largest carrier, has this morning announced that it will acquire Sprint in a deal worth $20.1 billion. The company will purchase $8 billion in newly-issues shares from Sprint, in addition to $12.1 billion in existing shares — giving it a 70% stake overall.