Carphone Warehouse see a rise in revenue of 16%

Many economic analysts were surprised to see a whopping 16% rise in UK revenues by the Carphone Warehouse. Carphone Warehouse is one of the biggest mobile phone retailers in the country. It has an existing partnership with Best Buy and owns 50% of CPW Europe. Although earlier predictions were not very promising for mobile company, Carphone Warehouse beat the odds by showing a peak in sales with their tablet devices during the month of December.

Carphone Warehouse, which is founded in 1989, continues to present strong competition for other networking companies in the region. Chief Executive, Roger Taylor, proudly announces that for the first time in the company’s history, they are now being considered as authorities in the tablet market. He also said that they were able to successfully maintain their profitability despite the low cost of their tablet computers, and that makes them very proud.

These inexpensive tablet devices have turned out to be the hottest trend of the season. Dixons and Argos also reaped huge profits from these cheap tablet devices. Although Taylor cautioned that these cut price deals would also cut down the profits by 2%, however that is not the case with Virgin Mobile.

Virgin Mobile France experienced a growth of 9.9% in revenue due to its profitable contracts. Overall the network holds 18 million subscribers in the country. Despite the tough trade happening in the market, Virgin Mobile was still able to pull through €120m in sales.

It’s hard to ignore, however, that the impact of the price war between these network giants is slowly taking its toll. On Thursday, reports show that retail revenues shot up by 14.5%, which is equivalent to £1.2bn. This move sent the shares up by 5% to 230 points.