Carphone shares rise on speculation of iPhone “selling like hot cakes” in UK

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In good news for both Apple and Carphone Warehouse, Financial Times is reporting that Carphone’s shares rose on FTSE 100 past Friday despite most of the other shares ending the day in negative.

Carphone Warehouse is of course one of two UK Apple iPhone distributors, and its shares rise is attributed due to traders’ belief that the device has been “selling like hot cakes” over the Christmas — although the official sales stats were not released as of yet.

Financial Times is quoting Steve Clayton, analyst at Mirabaud Securities, who stated that there was “fantastic consumer response” to the iPhone, while noting that it’s a “sufficiently innovative product to be assured of selling well, especially in an exclusivity situation“.

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