Carphone Warehouse has peachy Christmas quarter
Ends 2010 on a high
Those happy chaps at Carphone Warehouse are reporting the last three months of 2010 were top, with earnings at the high end of expectations and US expansion going well.
An interim statement from the group reports UK sales rising more than two per cent compared to the Christmas period 2009, contributing to a more modest 0.7 per cent rise across Europe.
Best Buy Mobile, the American network run by Carphone Warehouse, now has more than two million customers, while Best Buy Europe, the half-owned retailer, has six shops up and running and is successfully selling stuff online too.
Part of that is down to smartphones getting into the mid-range. The company told Reuters that Android is driving a lot of the business, explaining that as many as 20 per cent of the prepaid handsets sold over Christmas were smartphones - almost twice the proportion of the previous year.
Tablets and laptops helped too, justifying Charles Dunstone's stated aim of expanding into those markets. ®