“Carphone Warehouse, Europe’s biggest mobile phone retailer, raised its full-year earnings forecast and said it was ‘quietly confident’ about Christmas trading, adding to signs of a consumer recovery,” Mark Potter reports for Reuters.
“‘We’re quietly confident for Christmas,’ finance director Roger Taylor told Reuters on Friday, after Carphone beat forecasts with an 88 percent rise in first-half earnings,” Potter reports.
“He saw strong demand for smartphones like Apple’s iPhone as well as cheaper prepay touchscreen phones only available on contracts last year,” Potter reports.
“Like its peers, however, Carphone remained cautious about prospects for 2010, when taxes are likely to rise to reduce government borrowing,” Potter reports.
Full article here.
[Thanks to MacDailyNews Reader “James W.” for the heads up.]