Amazon is fast becoming the country most popular market place, however it is also losing money fast. The company suffered a loss of Rs. 6,287 crore for the FY 2017-2018 from Rs. 4,831 crore compared to last year. The venue for Amazon in India however, grew 54% to Rs. 5,018 crore from Rs. 3,257 crore.
According to Amazon the increase in the losses was due to improvements in the Amazon India infrastructure. The company spent big this year to increase its fulfilment centres and improve technology which includes the launch of the GST equipped Business Amazon. The company also increased its total spending to Rs. 11,305 crore compared to Rs. 8,087 crore done by the e-commerce [...]
Lately, Xiaomi has been in the news for all the good reasons. They’re constantly announcing high-speced affordable smartphones and earnings that are constantly on a rise. But seems like the good days of the company may be over played. The Chinese equipment manufacturer that took over Apple’s sales on its home ground a while back, is now witnessing a steep decline in its revenue.
Ben Bajarin from the market research firm Creative Strategies revealed the quarterly sales of Xiaomi. The figure shown below depicts a decline in the Q1 2015 from the last quarter of 2014.
Based on Xiaomi’s end of March [...]
Billion is an amazing number. It is used to signify the number of stars in the sky, the populations of India and China, and the number of atoms in a human body. But for Sony, the term means time to take drastic measures. The Japanese consumer-electronic giant has been in troubled waters for a while and seems like it’s not going to come to an end anytime soon.
The company has registered a record loss of $1.2 billion. This has led the company to decrease its smartphone sales figures from 43 million to 41 million. This came after the company has decreased its sales projection from 50 million to 43 million in this financial [...]
Following some pretty miserable financial results, Nintendo president Satoru Iwata has said he will take a 50% cut to his salary. For at least the next five months, Iwata will take home half as much money as usual, and other prominent executive staff will see pay reductions as well. Shigeru Miyamoto and Genyo Takeda, will take a 30% pay cut, while other board members will take a 20% pay cut.
The cuts will stay in place until June, when the board will see if it deserves to go back to normal. That will depend not so much on a turnaround in the Wii U’s fortunes – which won’t really be evident until nearer Christmas – but [...]
Sony with the latest flagship Xperia Z1 and even the other smartphones by the company is doing good in the markets globally. Sony hugely improved smartphone range have done well for the company, and mobile sales in the last quarter have increased 39.3 percent from last year.
However, the above information is for smartphones, Sony as a company got a cut in its annual profit forecast down to 30 billion yen (roughly $300 million) a 40 percent decrease from the 50 billion yen the company expected to pull in. Camera sales dropped 6.9 percent, following a total loss of $24 million. The TV sales are up, but despite the [...]
A day after its competitor Intel posted financial results for its most recent quarter that came in slightly below analyst’s estimates, AMD bucked that disappointing trend – but it’s not quite out of the woods yet.
AMD reported its second quarter results on Thursday after markets closed, and reported a loss of $0.09 per share on sales revenues of $1.16bn.
In the previous first quarter, revenues came in at $1.09 billion, down 32 percent from a year ago. Last quarter, the chip maker’s net loss per share (after one-time items) was 13 cents a share, or $94 million.