Dixons Carphone profit worries

The mobile phone retailer Dixons Carphone is under pressure to close some of its stores as the city fears a sharp reduction in profits when the company gives an update later this month.

The share price has already fallen from over £3.50 12 months ago to just £1.67 today. There was a profit warning back in August when Dixons Carphone revealed that customers were hanging on to their mobile phones longer before upgrading to the latest models.

Risk that stores may close

City analysts reckon that pre-tax profits could be as low as £63m down massively from £144m a year ago. This is why that some are suggesting that the company might have to look closely at its model which might mean some stores need to close.

Reports suggest that the Apple iPhone 8 launch was disappointing for Apple and for other mobile phone retailers like Dixons Carphone. Luckily the more expensive iPhone X, despite its eye watering price tag, is selling really well so maybe this will be a bit of good news when Dixons Carphone give their next update to shareholders.

For readers interested in buying the Apple iPhone X, the 64gb model is £999 and the 256gb model is £1149. It’s the sort of phone that might make you think about insurance!

Buying an iPhone X from Dixons Carphone?

At Dixons Carphone insurance will cost you £15.99 a month or £179.99 a year.

Here at Better Buy Insurance it’s only £8.49 a month or £89.99 a year.

We are so confident in our pricing at Better Buy Insurance that not only do we offer a BEST PRICE GUARANTEED on the iPhone X, we also offer it for all other makes and models of mobile phones. For further details about our BEST PRICE GUARANTEED please visit the website.

Get an iPhone insurance quote now!

Better Buy nominated for ‘Best Gadget Insurance Provider’

Better Buy Insurance nominated for ‘Best Gadget Insurance Provider’ in the Insurance Choice Awards 2016.

Here at Better Buy Insurance we are delighted to announce that we’ve been nominated in the “Best Gadget Insurance Provider” category in the 2016 Insurance Choice Awards. It’s a pleasure to be nominated but we need your help to win.

How to vote for us

To vote for us, simply click here and share a quick review! It takes about two minutes, and you could win one of 6 x £100 prizes for your time! It also gives us really useful feedback which we use to make improvements to our products, our pricing and our website.

 Voting closes on the 28th October.

About the Insurance Choice Awards

The Insurance Choice Awards have been launched to help consumers find the best insurance companies on the market. These are the only insurance awards in the UK decided by YOU, real customers, and not ‘industry experts’, so only YOU can decide who wins.

Smart Money People, who run the awards, are the UK’s leading independent review platform for financial institutions. Mike Fotis, founder of Smart Money People said: “It’s our mission to help consumers find the best products and providers on the market. There are hundreds of insurance companies in the UK, and customers often tell us that on the whole they are less happy with their insurers than their banks, so the Insurance Choice Awards is setting out to find out what customers really think about their insurers, and to help us find the best insurance providers.”