The 2nd biggest mobile carrier if measured by subscribers, of Japan, KDDI Corp has acquired the rights to supply the latest and upcoming iPhone 5 of Apple. Currently, in Japan, the only partner of Apple, authorized to sell its products is Softbank. However, now, Softbank might be worried about its revenues as KDDI has already joined hands with Apple on a deal, for the much awaited iPhone 5. The news was revealed by Nikkei business paper, which reported the news of the report in its online editorial.
However, KDDI Corp will require some months time for the preparation of the rolling out of Apple’s latest addition and will not be set and prepared in the month of October, when the parent company of the phone is expected to set the phone in motion. Softbank will however get the phone in the month of October, when it is released, to sell it in Japan.
Right now, the confirmation of the report has gone by without any approval from KDDI Corp. In fact, one of the representative’s of the company refused to remark on the newly rolled out report.
Softbank, which is the 3rd biggest mobile carrier of Japan in terms of subscribers, has acted as a monopoly on Apple’s products in the country such as iPhone and iPad. This is because up till now, Softbank is the only carrier that has been authorized to sell Apple’s product in the tech-ridden country.
The report by Nikkei sent shares of Softbank plunging by a whole 12.9%. Softbank’s shares, after falling, stood at 2,282 yen, whereas KDDI Corp closed 0.78% down, after doing away with the earlier increases.
In February, Apple put an end to its solid alliance with AT&T in U.S, when it permitted Verizon network synced iPhones to enter the markets.
