Mobile Fun’s revenue exceeds £10 million for the financial year ending 31st March 2012
Birmingham, 31 October 2012. 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 Research[1] 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, and to see what mobile accessories the online retailer has to offer, visit www.mobilefun.co.uk.
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About Mobile Fun
Mobile Fun is the UK’s leading Internet retailer offering a market leading range of accessories for mobile phones, tablets and other mobile devices from its growing portfolio of international websites.
With a product range of over 6,000 globally-sourced mobile accessories and tens of thousands of mobile downloads available on its websites, Mobile Fun has successfully established a market-leading position within the competitive mobile, smartphone and tablet sectors.
Mobile Fun has offices in the UK, Germany, France and Spain and delivers products to over 50 countries worldwide.
Mobile Fun was ranked as the UK’s 7th ‘Fastest Growing Technology Based Company’ in the Sunday Times 2006 Microsoft Tech Track 100, was awarded the ‘Online Retailer of the Year’ title at the Mobile News Awards 2011 then again in 2012 and won Best Online Business (Consumer) at the ECMOD Awards 2012 and the Online Retail Awards 2011 and 2012 ‘Computers and Telecommunications’ category.
For more information, please contact Ranbir Sahota or Nic Corns at Vitis PR on 0121 242 8048 or ranbir@vitispr.com / nic@vitispr.com.
[1] http://www.abiresearch.com/press/smartphone-accessory-revenues-valued-at-20-billion