Dixons Carphone has announced that its Q1 2015 revenue growth was driven by UK smartphone sales.
The high street retailer has gained a significant market share of mobile phone sales in the UK, according to CEO Sebastian James. He said that this led to the company’s 10% revenue growth in the quarter, describing the results as ‘encouraging’.
He commented: ‘This is a very encouraging first quarter with excellent growth for the Group overall, showing strong like-for-like revenues in the UK driven principally by significant market share gain in phone sales.
‘Overall, a very good start to the trading year but I am aware that there is plenty of the year left to go. Nevertheless, the business is in very good shape to have another successful year.’
Dixons Carphone also expressed a focus on the connected home market. Steve Moore director of the company’s Connected Things division, explained that IoT products don’t make money but raise consumer interest.
Speaking at a techuk event, he said: ‘Our connected home products are not making money but people are getting interested in it, particularly in healthcare. The money in the Internet of Things is not in the ‘things’, it is in helping people use the ‘things’ and we’re currently running trials using our Smart Home platform.’
The company’s Q1 announcement comes one week before it is due to venture into the US to run a number of retail stores for US carrier Sprint.