TOKYO - 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 per cent to 932.7 billion yen ($10.2 billion).
Softbank is seeking approval from U.S. authorities for its $20 billion purchase of a 70 per cent stake in Sprint Nextel Corp. that would be Japan's biggest foreign acquisition ever.
Softbank, which also offers fixed-line broadband services, has carried out an aggressive marketing drive in recent years, starring a talking white dog that has proved popular among Japanese.