Phone company Vodafone has doubled its profits this year in part due to sales of smartphones like the iPhone.
In January Vodafone secured the rights to selling the iPhone in the UK, and the product has been immensely popular among British consumers. They are also selling Google's Nexus One phone, though say that it is too early to judge sales yet. Both the iPhone and the Nexus One use VoIP technology.
Vodafone chief executive, Vittorio Colao, said:"Our financial results this year have exceeded all expectations. And the company is getting more than one third of its revenue from fixed-line broadband and mobile data.”
Vodafone is the world’s largest mobile phone company and has just posted full year pre-tax profits of £8.7bn, compared to £4.2bn last year. Vodafone’s amazing figures were achieved despite having to write of £2.3bn due to problems in the Indian markets. This is because the Indian government is currently running an auction for 3G licences in India. Vodafone is also considering a merger with US company Verizon Communications.
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