SoftBank internal data suggests smartphone woes worse than reported

SoftBank internal data suggests smartphone woes worse than reported

A man looks at his phone as he walks past an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter

New smartphone subscriptions for SoftBank Group Corp plunged 35 percent at its own stores in Japan’s most populous region in the last business year, according to internal data that paints a far gloomier picture than its published financial results.

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