1/23/2008 11:14:00 AM
iPhone magic can’t turn tide for Carphone sales
Carphone sold 3.6 million handsets in the last three months of 2007 – up 11% from the same period in 2006, but the company missed forecasts of a 15% rise.
CEO Charles Dunstone said the iPhone was valuable in increasing footfall when there were relatively few people on the high streets.
He added: ‘Prepay is a bit lighter than some people anticipated. I’ve been calling the end of prepay for some time, but I think the carriers are [now] switching to subscription rather than prepay.
‘We [still] connect several million prepay phones – but there was a move to subscription as consumers’ belts-tightened,’ Dunstone said.
On the contract front, the slowdown on the off-the-page market through Carphone’s brands, E2save and OneStop (which was recently merged into E2save) also affected sales.