SK Telecom said it expects to exceed its target of 10 million smartphone subscribers by the end of 2011, having signed up 7.5 million by the end of the second quarter. The South Korean company reported a net income of KRW465.4 billion (US$438.5 million) for the period, up 3.7 percent, on revenue of KRW4.04 trillion, up 5.7 percent.