Softbank 3Q profit doubles on iPhone sales

UPDATED 6:54 AM EST, January 31, 2013

TOKYO (AP) — Japanese phone company Softbank, owned by billionaire Masayoshi Son, says its net profit more than doubled in the October-December quarter from a year earlier, helped by strong sales of Apple's iPhone and iPads.

Net profit rose to 65.9 billion yen ($724 million) in the last quarter of 2012 compared with 32.83 billion yen a year earlier.

Sales rose 7 percent to 932.7 billion yen ($10.2 billion).

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