While BMW and Mercedes Benz are busy attracting customers with high-end hot hatchbacks, Audi has devised a clever plan of its own to take its share of the market. Instead of rivalling the BMW 1-series and Mercedes Benz A-Class with its A3 Sportback or its A1 supermini, Audi is taking on the BMW X1 and Mercedes Benz B-Class with a cheaper, lower-spec variant of the Q3 called the Q3 Sport.
The Q3 Sport will be assembled in India as a CKD (Completely Knocked Down) unit at Audi’s assembly facility in Aurangabad, Maharashtra. The Q3 Sport loses a lot of features in order to keep the price relatively low. It comes with [...]
Royal Enfield, India’s oldest maker of motorcycles, is looking at doubling its sales at 150,000 units during the next year (2013) as against 75,000 units sold in 2011. For the year 2012, the company is aiming at selling 100,000 bikes.
In order to meet the growing demand for its high performance motorcycles, the company is setting up second manufacturing unit at Oragadam near Chennai at an investment of Rs 150 crore. It has bought 50 acres land for the purpose. The plant will commence production during the first quarter of 2013, Shaji Koshy, senior vice president, sales and [...]
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 [...]
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 [...]
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.”
AMD has published its Q3 results, and the company reports a total revenue of US $ 1.69 Billion. With a total income of approx. US $ 97 million. This is up from the $61 million in Q2 and a whole leap away from the $118 million loss posted this time last year. Even the Graphics division (ATI) is reporting a net profit of US $ 12 Million up from the 7 Million Loss. Good going AMD , hopefully we can expect much better from them , Check out the excruciatingly long Earnings report below.
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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 [...]