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Smartphone sales buoy Carphone Warehouse profits

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Posted 27th November 2009 at 11:55am by Jonathan Leggett

CARPHONE WAREHOUSE LOGO

Carphone Warehouse has upwardly revised its earnings forecast, after a better-than-expected first-half performance.

In its latest market reports, Europe’s largest mobile phone retailer announced that pre-tax profit for the six months to September 30th hit £75 million.

This represents a year-on-year increase of 88 per cent. Revenues for the same period hit £789 million – a rise of 13 per cent.

The company’s performance was buoyed by the arrival of a number of high profile handsets, including the iPhone 3G S, the Palm Pre and Nokia’s N97.

A strong showing was also recorded by the company’s joint venture with US giant BestBuy as well as its broadband division TalkTalk, which saw a 48 per cent rise in its customer base.

Chief executive Charles Dunstone said: "Each business has delivered a significant year-on-year improvement."

Carphone recently confirmed it was temporarily withdrawing the Sony Ericsson Satio from sale in response to a number of customer complaints relating to a software glitch.

More news on: Business, Retailers, Smart mobile phones

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