Carphone Warehouse has seen a 16 per cent rise in like-for-like profits due to sales of its budget Android tablets.
Following high demand for devices such as the Amazon Kindle Fire – which could be purchased for just £99 in the 2012 festive season – the mobile retailer has also enjoyed higher revenues after bundling tablets with smartphones and its overall like-for-like revenue growth was 7.8 per cent.
In a statement released by the company, chief executive officer Roger Taylor said Carphone Warehouse has become an authority in the tablet market for the first time.
“Having done that at a time when we’ve also managed to maintain our profitability is something we can be very proud of,” he added.
According to the retailer, it sold 40,000 tablets every week during the Christmas period, compared to 5,000 a week the year before.
It was also revealed that the firm’s total European operation increased by 14.5 per cent from £951 million to £1.1 billion between 2011 and 2012.