3/2/2009 11:56:00 AM
What the weekend papers say 02.03.09
O2 has a strong quarter due to iPhone exclusivity. The UK division became the group's star performer, enjoying a 10.6 per cent rise in annual sales, as O2's parent company, Telefónica Europe, reported a 5.9 per cent rise in full-year sales to €4.3 billion (£3.8 billion).
Carphone Warehouse may shed 10 per cent of its head office and support service staff in the UK. About 450 jobs are at risk. Cuts may be made from the extra call centre staff recruited two years ago to deal with barrage of customer complaints after free broadband was offered through Talk Talk. Charles Dunstone, chief executive of Carphone Warehouse, admitted last month that the demand for broadband was now ‘subdued’.
Mobile phone operator O2 has sold over a million iPhones in the UK and its exclusive deal to sell the Apple device has helped it buck the gloomy economic trend and report a 10% rise in revenues.
Motorola predict it will see upturn in beleaguered Mobile phone business by Q2. Greg Brown, joint chief executive of the US handset said the upturn would be due to a reduced operating cost.