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Retail Tablet bonanza for Carphone Warehouse
(Guardian (UK) Via Acquire Media NewsEdge) Carphone Warehouse has surpassed analysts' expectations with a 16% rise in UK revenues as shoppers rushed to buy low-priced tablet computers.
Europe's biggest independent mobile phone retailer reported high demand for the pounds 99 Amazon Kindle Fire and deals bundling Samsung Galaxy phones and tablets.
Carphone's sales of the devices peaked at 40,000 a week during the December quarter, compared to 5,000 a week over the same period last year.
"We have become an authority in the tablet market for the first time ever," said chief executive Roger Taylor.
The low-price tablet trend has already benefited Dixons and Argos, whose Christmas takings were lifted by strong demand for cheaper tablets.
The money invested in cut-price deals will eat into profits, and Taylor warned margins would slide 2% for the full year at Carphone Warehouse Europe.
Like-for-like revenue on the continent was flat in the last quarter, with trading in France particularly tough thanks to a price war started by the country's newest network, Free. Juliette Garside
(c) 2013 Guardian Newspapers Limited.
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