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Smartphones boost Carphone Warehouse performance

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Smartphones boost Carphone Warehouse performance

2009 was a good year for the Carphone Warehouse (CW), with its high street chain and online store posting record profits thanks to the growing popularity of smartphones with consumers.

The run-up to Christmas proved to be particularly profitable and when the business splits into two distinct parts in March 2010 it will be stronger than ever.

The retail arm of CW has been given income estimates of around £45 million and predictions for share prices at the time of the split have had to be revised upwards three times in the last 12 months.

TalkTalk, which is the home phone and broadband internet provider brand owned by CW, will have increased its revenues by nearly 30 per cent, although its executives have warned that despite the UK emerging from the recession, the impressive performance could tail off.

TalkTalk is going to be uncoupled from the main retail portion of CW's business, which is expected to generate a lot of interest in the telecoms industry as other companies look to purchase the brand, resulting in more share price increases.

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