Analysts reckon it is booking all the revenues from the sale of each handset up front, even though the cash is to be received in instalments over up to two years.

• 分析师认为，软银这样做是把所有的利润都寄托在售出的每部手机上，虽然这些利润的实际收益要通过分期的方式在未来两年里获取。