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| Dixons Carphone warns on profit as mobile sales hit | Dixons Carphone warns on profit as mobile sales hit |
| (35 minutes later) | |
| The owner of Carphone Warehouse and Dixons has warned that more expensive mobile phone handsets and lower EU roaming charges will hurt its profits. | The owner of Carphone Warehouse and Dixons has warned that more expensive mobile phone handsets and lower EU roaming charges will hurt its profits. |
| Shares fell 20% after it said pre-tax profits this year would be £360m to £440m, down from £501m last year. | |
| Dixons Carphone said customers were not upgrading their phones as frequently because handsets had risen in price. | |
| It also predicted it would take a hit from the EU scrapping roaming charges for people using mobile phones abroad. | It also predicted it would take a hit from the EU scrapping roaming charges for people using mobile phones abroad. |
| Chief executive Seb James said in an unscheduled statement that the market for contract mobile phones had become "more challenging" in recent months. | |
| The fall in the pound had made handsets more expensive and innovation of phones has been "incremental", Mr James said. | |
| "As a consequence, we have seen an increased number of people hold on to their phones for longer," he said. | |
| He added it was too soon to say whether upcoming Samsung and iPhone handset launches would reverse the trend. | |
| Dixons Carphone, which takes a slice of customer's phone contracts, also said it would take a hit of up to £40m from the changes to EU roaming legislation. |