Xiaomi has ventured into a new avenue, away from smartphones and other consumer electronics. The company has announced the launch of Mi Credit in India, a new service that acts as a platform for users to initiate financial lendings. The company has listed financial loan providers on Mi Credit and users can log onto the platform to apply for quick loans.

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Xiaomi has announced that Mi Credit is, as of now, available in partnership with KreditBee, an instant personal loan platform [...]

Apple has announced their Q3 results and as always the company has posted a massive profit. The company pulled in $35 billion in revenue, pocketing $8.8 billion of pure profit, a record for both in Q3. Profits were up $1.5 billion from Q3 of 2011. During the last three months the company shipped 17 million iPads, an 84 percent increase when compared to the same quarter in 2011.

More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family, the iPhone. The iPad is also not behind getting over $9 billion in this quarter alone. As an up, Apple is able to award its investors a $2.65 per-share dividend.For the next quarter Apple [...]

Motorola has posted yet another disappointing quarter, while revenues were up to $3.1 billion, Moto lost $86 million in Q1 of 2012. That is 6 more million lost compared to their previous quarter. In terms of shipments only 8.9 million devices were shipped in the quarter which is down from the 10.5 million shipped last quarter. The company’s home gateways and broadcast goods, managed to generate $68 million, up from $53 million a year ago.

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Motorola Mobility Announces First [...]

Intel has just posted results for the quarter, and this year they snagged a total revenue of US $ 14.3 billion — up $3.2 billion, or 29 percent year-over-year. Their total net income lies in at US $ 3.7 Billion. Is this what happens when almost any new invention utilizes your chips?

[toggle title_open=”Press Release” title_closed=”Press Release” hide=”yes” border=”yes” style=”default” excerpt_length=”0″ read_more_text=”Read More” read_less_text=”Read Less” include_excerpt_html=”no”]Intel Reports Record [...]