iPhone X lifts Dixons Carphone sales

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Dixons Carphone warns of squeezed margins as iPhone X boosts sales

The new iPhone X boosted Dixons Carphone's revenues in the run-up to Christmas, however the retailer told a tough mobile smartphone market damaged its margins as it approved the departure of chief executive Sebastian James this morning. The electricals vendor uncovered group discounds development of 4pc for the ten weeks to January six as its highest line was boosted with a 28pc discounds surge in its Greek division and 9pc development in the Nordics. But revenues in UK stores unlock further than 1 year were up just 3pc, compared with 6pc final year, and the firm trimmed its full-year guidance, telling it would make a profit before tax of among £365m and £385m, drop from a Former estimate of £360m to £400m. Mr James, who going to leave later this year to run chemist chain Boots, told he was "pleased" with the group's overall performance however warned margins in its mobile smartphone business suffered because of "market conditions". Nonetheless like-for-like discounds in the mobile business, that includes its Carphone Warehouse stores, rose 8pc, thanks to the "phasing" in of the iPhone X, Apple's top-end handset, that costs £1,349 on the retailer's cheapest 24-month contract.

iPhone X lifts Dixons Carphone sales

according to Dixons Carphone iPhone X lifts Dixons Carphone discounds Retailer plays down prospect of store closures as full-year profits slide after tough premier half Shoppers outside a Carphone Warehouse store in Oxford Street, London. Photograph: Joe Pepler/Rex ShutterstockDixons Carphone has told that higher iPhone discounds lifted its revenues over the Christmas period, as it approved a change in leadership and a steep down in full-year profits. Dixons, that owns Carphone Warehouse and Currys computer World, posted 3% development in like-for-like discounds in the UK and Ireland for the ten weeks to six January, meeting town expectations. The new iPhone X has been selling well along with large TVs, games, Dyson Supersonic hairdryers and voice-control devices. Dixons is rolling out "gaming bunkers" – it currently has 2 in U.K. and further abroad – where customers could play games.

collected by :Clara William