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Business

In bungling iPhone strategy, Docomo follows parent's footsteps

Docomo released Apple's iPhone 6 and iPhone 6 Plus in September.

TOKYO -- Humble pie was on the menu Friday for NTT Docomo President Kaoru Kato when the company slashed its earnings forecast for the year ending March 2015.

     Japan's largest wireless carrier expected a rush of new subscribers after it finally began offering the Apple iPhone last fall. But that did not happen, and on Friday it said it now expects consolidated operating profit to total just 630 billion yen ($5.7 billion).

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