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.