Mobile and broadband giant Carphone Warehouse has reported higher than expected sales for the first half of this year, contributing its success to rising broadband numbers and the popularity of smart phones.

According to recently released figures from the broadband and mobile giant Carphone Warehouse the providers has enjoy far better than expected sales for the first half of the year, with half year profits increasing by a massive eighty eight percent, taking profits to seventy five million pounds.

The company said that the success is partly down to a rising number of broadband customers, with more and more people signing up for broadband services with the provider, and also partly down to the rising popularity of smart phones such as the Apple iPhone, with these devices having seen a strong surge in take up.

The company is set to separate its Talk Talk broadband brand and its retail division, Best Buy. Charles Dunstone from Carphone Warehouse stated: “Both TalkTalk Group and Best Buy Europe have traded well in the first half. Each business has delivered a significant year-on-year improvement in operating free cashflow.”

He added: “We already compete with people like Sky and Virgin, who have their own infrastructure. I think they probably have more pricing power as a result. We have been here before. We had, in 2006, Tesco saying they were going to open standalone phone stores, in 2003 they said they were going to take on BT in the home phone market place. These aren’t easy markets and we have a lot of experience.”

Source – Times Online