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 [...]
Apple -that one company everyone loves to hate is in the news again. And this time for making incredible amounts of money at the end of another fiscal fourth quarter. The California-based tech giant announced its revenue and profit for the quarter which ended on the 26th of September. The company reports a quarterly revenue of $51.5 billion and a quarterly net profit of $11.1 billion. This is in contrast with numbers in the same quarter last year which were $42.1 billion along with a net profit of $8.5 billion. Yes, that’s a lot of money.
There was an increase in the sales of iPhones, Apple Watches and Macs in the final quarter, helping the company increase its revenues. [...]
Given its popularity, one might think that Instagram was earning millions of dollars through its followers. But what sort of an app will earn money if its only function is uploading or liking pictures? It barely earned a penny. Then, in 2012, it got a push because Facebook bought it for a billion dollars. However, the income was still meagre. Now in 2015, this is why it’s going to change:
Instagram will finally allow a fully operational Ad business, providing shopping links with their posts, aided by Facebook targeted groups. Yes, this means that Instagram, will now have a ‘Shop Now’ button that will [...]
The latest flagships by Samsung Electronics, Galaxy S6 and S6 Edge, were supposed to bring the company back on track. The company has been rapidly losing ground to other smartphone manufacturers like Apple, OnePlus, and Xiaomi. The escalating demand for its flagships speaks of Samsung’s decent performance this time around, but the latest announcement says otherwise.
Samsung, who has been relying on the buoyant sales of the high-end devices, recorded significant slide in profit for the sixth consecutive time. It is the sixth consecutive quarter-on-quarter (QOQ) drop reported by Samsung. The company today declared [...]
The recently released statistics by Apple establishes the fact that the iPhone is the most popular smartphone in the international markets. The world’s most valuable company made public the three months earnings of this year’s second quarter, which speaks of 61 million iPhones being sold. This leap is incredible as this is the second biggest quarter for the iPhone. Apple managed to sell as much as 43 million iPhones last year in Q2 2014.
The CEO of the company Tim Cook spoke about the achievement –
We are thrilled by the continued strength of iPhone, Mac and the App Store, which [...]
For the first time in the history of the iPhone, China sales of the Apple iPhone have overtaken the US sales. The increase of 71% put Apple’s revenue in the asian country to $16.8 Billion, a major chunk mostly doe to the festivities around the Chinese New Year.
The Apple iPhone 6 and iPhone 6 Plus have been the most popular handsets from the company since the launch of the iPhone back in 2007. The last quarter results broke all records pegging the worldwide success of the handsets.
[quote text_size=”small” author=”Tim Cook” author_title=”CEO- Apple inc.”]
The large middle class growth has fueled the high purchase volumes [...]
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 [...]
Samsung has let the details out ahead of its earnings call for Q3 results. It’s expecting a fourth straight record quarter with overall operating profits of 8.1 trillion won ($7.28 billion), Almost double of what the company made at the same time last year.
Earnings at the mobile-phone business surged 93 percent in the quarter with the May debut of the Galaxy S III and the Note, according to a Bloomberg News survey of six analysts, helping mask a slump in profit from selling computer-memory chips. TV sales also helped Asia’s biggest consumer-electronicscompany, which lost a [...]
Bharti Airtel Limited has just released their financial results for the third quarter 2011. Declaring overall customer base, year over year profits and an overall increase in revenues for the company. The total revenues for the total revenues for the third quarter ended Dec 31, 2011 of `18,477 crore grew by crore grew by 17.1% over the last year. India & South Asia India & South Asia continued its double digit revenue growth (Y-o–Y 12.1%) aided by improvement in realisation rates. Africa Africa revenues recorded a healthy Y-o-Y growth ofY growth of 16.1%; the growth was a strong 32.2Consolidated EBITDA margins % in Rupee terms% in Rupee [...]
Samsung has released its Q4 results and it shows that the company is headed in the right direction to becoming bigger than ever before. The electronics mammoth company has posted a 5.3 trillion won ($4.7 billion) operating profit in Q4 2011, with a sales revenue of 47.3 trillion won ($42 billion). The major of the chunk of its income is thanks to the impressive smartphone sales by the company , with over 300 million phones sold in 2011.
The earnings also reported that the mobile division stood accountable for 40% in the total earnings, while other major contributors were Samsung Semiconductors and Display divisions [...]
HTC has issued its Q3 results and their profits are up by 68%. The total net income rose to $624.6 million this quarter
Revenue rose by 79 percent on the year toaround $4.54 billion
The reasons cited by HTC for this growth are :
“strong brand recognition, leading product portfolio and expanded distribution channels.”
“We aim to lead the way as the smartphone market continues to expand and change rapidly,We pride ourselves on anticipating market and consumer needs and addressing them before they are realized. We are growing rapidly and responsibly around the globe and continue to expand our leadership in new areas, such as LTE.”
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 [...]