With an increasing demand for smartphones and its unbelievable growth in U. S. market, Carphone Warehouse, which is known as Europe's biggest independent mobile phone retailer, has finally raised its profit margins for the third time in last six months.

With U. S. electrical retailer Best Buy Carphone shares 50% of its undertakings and also has a 47.5 percent stake in Virgin Mobile which is a France based company.

As mentioned by Carphone itself, since few times, it is continuing to gain profit from a strong product cycle and due to this its share value has increased over 1 percent.

In this regard, Chief Executive Roger Taylor said, "We are well positioned to continue to capitalize on the rapid development and proliferation of smartphones and the ever-expanding range of tablets coming to the market despite the uncertainty around the economic environment".

Earlier, the earnings per share for Carphone were 13.5 to 14 pence, which now by end of this March 31 has increased to 14.5 to 15 pence. All this is however in spite of those big losses that were anticipated by its new UK megastores.