Carphone credits upturn to iPhone, other smartphones
11/27, 2:25pm
Carphone Warehouse sees bright future
Carphone Warehouse today raised its profit estimates for its fiscal year based on the surprise success of its smartphone business (subscription required). Its earnings for its first fiscal half-year before tax and other factors jumped sharply from £65 million ($107.2 million) a year ago to £103 million ($169.9 million) and is attributed directly to the success of its smartphone sales, particularly touchscreen devices. Its sales of the iPhone were considered a strong factor, as were sales of BlackBerry devices and Nokia's Nseries.
