| By Business Wire |
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| October 31, 2012 04:00 AM EDT |
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Mobile
Fun, the UK’s leading online retailer of mobile accessories, has
announced impressive revenues of £10 million for the year ending 31st
March 2012. This represents a 10% increase on FY2011 against the
backdrop of a challenging economic environment in the UK. The company is
on course to hit sales of £12+ million over the next financial year.
Mobile Fun’s international sales jumped by 161% to £3.4 million, as the
online retailer launched new websites in Spain and The Netherlands to
join its established portfolio in the UK, France and Germany.
The company also branched out into adjacent markets with its LoveCases
brand, which has sustained month-on-month growth since its launch in
November 2011.
The online retailer additionally experienced a record breaking Christmas
period in December 2011, with its first “million month” thanks to over
£1.1million worth of festive sales.
Mohammed Hussain, Managing Director of Mobile Fun, comments: “Despite
the UK economy experiencing negative growth for most of the last
financial year, our continued international expansion has seen us
achieve enviable progress. Not only did we start the 2011-12 financial
year strongly, with a profitable presence in three of the largest
countries worldwide for ecommerce, but our roll out of further European
websites started to establish a stronger international footprint for
Mobile Fun.”
“With analysts such as ABI Research1 predicting the global
smartphone accessories market growing to $38 billion in revenues by
2017, we are capitalising on this trend by rolling out further
international websites. Our recent launches include Italy, Australia,
Canada, India and the USA.”
Mobile Fun anticipates delivering yet another year of profitable growth
in 2012-13, especially as website visits are growing month-on-month. In
September 2012, its websites received 3.1 million visits – an uplift of
62% over September 2011 and a new record for Mobile Fun.
For more information on Mobile Fun, visit http://www.mobilefun.co.uk/blog/about-us/.
1 http://www.abiresearch.com/press/smartphone-accessory-revenues-valued-at-20-billion
