iGyaan Network

Tag: Revenue

  • App Store Publishers Reportedly Earn 60% Higher Than Android Developers

    App Store Publishers Reportedly Earn 60% Higher Than Android Developers

    According to a new report by Sensor Tower research group, a significant gap was observed in the revenues generated between iOS and Android app publishers. This income disparity was noticeable by a large margin. In Q1 of 2019, the top 100 application developers for Apple’s App Store on an average earned 64% higher than its Android counterpart Google Play.

    Sensor Tower’s Store Intelligence uncovered App Store publishers earning an estimated amount of $83.8 million (approx. Rs.584 crores), whilst Android studios only garnered $51 million (approx. Rs. 355 crores). This survey was taken over the top 100 apps the Apple and Google platform. Both of these platforms have seen an annual growth of 12% from last years figures. 

    Gaming Apps

    Google Play

    In the field of mobile gaming, the revenue gap was much smaller. However, App Store developers still held a large margin of lead with 48% over Android mobile game studios. Apple’s platform under this segment made $70 million (approx. Rs. 487 crores) to Play Stores $48 million (approx. Rs. 334 crores). This segment of gaming combined is still the largest revenue stream for the industry with the rise in popularity of mobile gaming.

    Non-Gaming Apps

    App Store

    Furthermore, non-gaming apps paint a grim picture for Android. The gap between the App Store and Google Play app publishers is a massive 232% difference. Users from Apple spent an estimated $23.3 million (approx. Rs. 162 crores) in comparison to Android’s mere $7 million (approx. Rs. 49 crores). There is a revenue discrepancy of more than three folds. Notably, Apple does have a great advantage considering that Google services and Play apps are banned in China, the largest consumer of smartphone services

    App Store

    Also Read: Apple Recalls Older MacBook Pro Citing Battery Hazards

    This essentially makes App Store a more profitable business venture regardless of the fact that Android is the more popular platform. It is reported that Android currently holds an estimated 75% of the OS market share whilst iOS holds just about 23%. Hence, although it should’ve been the other way around, various factors such as user preferences, demographics, and availability should be taken into consideration.

  • Apple Announces $58 Billion Revenue In Q2 2019 As iPhone Sales Drop By 30%

    Apple Announces $58 Billion Revenue In Q2 2019 As iPhone Sales Drop By 30%

    Apple, one of the biggest technology companies in the world released its quarterly earnings on April 30. According to the reports, the company earned US$ 58 billion in revenue and $11.56 billion in profits. While the company stopped revealing the sales of iPhones, iPads and Macs starting last year, a separate report from the International Data Corporation (IDC) has also been announced, revealing the same. It stated the global smartphone market saw a decline of around 6 percent Year on Year (YoY) compared to the same quarter in the year 2018. This led to Apple iPhones performing the worst out of the bunch, seeing a sharp sales decline of 30 percent over last year.

    Apple’s Revenue For The Quarter
    Apple Watch Series 4

    Apple earlier predicted revenue between US$ 55 billion and US$ 59 billion for this quarter of the year. While the actual number hits the predicted mark, it is slightly lower than the US$ 61.1 billion the company announced the same quarter last year. The lower number is credited due to the gradually diminishing hardware sales. Despite the decrease in revenue, the CEO of Apple, Tim Cook was noted saying the company has hit an all-time record for services and has seen a strong momentum of Wearables and Home accessories category. According to him, more details about the companies revenues and sales will be shared at the 30th Annual WWDC (Worldwide Developers Conference) scheduled for the month of June.

    Apple AirPods

    Also read: Dental Plaque Can Now Be Wiped Out By An Army Of Microrobots

    Furthermore, according to the aforementioned quarterly report by IDC, Apple shipped around 36.4 million iPhones during this quarter of the year. Notably, this is a significant 30.2 percent decline compared to the same time period last year when it shipped 52.2 million iPhones. The total breakdown of Apple’s revenue breakdown by its hardware products compared to last year is mentioned below.

    Product Revenue in 2019  Revenue in 2018
    iPhone US$ 31.05 Billion US$ 37.55 Billion
    Services US$ 11.45 Billion US$ 9.85 Billion
    Mac US$ 5.51 Billion US$ 5.77 Billion
    Wearable and Home US$ 5.13 Billion US$ 3.94 Billion
    iPad US$ 4.87 Billion US$ 4.01 Billion
    Total US$ 58.01 Billion US$ 61.13 Billion
  • Amazon India Losses Grow To Rs. 6,287 Crore

    Amazon India Losses Grow To Rs. 6,287 Crore

    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 giant last year.

    Amazon hopes to rake in large incomes from the three waves of sales the company had in the month of October and the ongoing Diwali Sale. The company also expects business to be up in the month of November and December 2018 due to large festive shopping.

    Also Read : Amazon Funded Start-Up Unveils Smart Glasses With Alexa Support

    The company pays its full time directors of Amazon Seller services about Kandula Raghava Rao and Noorulamin Mohd Saheb Patel a combined Rs 5.5 crore in salaries a year. The company also claims to have filed Rs. 96.8 crore “under protest” in taxes to income and service tax departments. Amazon has grown substantially and now services 99% pin codes in the country.

    Amazon’s Rival in India, Flipkart India Private Limited reported a nine fold net loss of Rs. 2064 crore as compared to Rs. 245 crore in the previous financial year. One the flip side, Flipkart’s revenues rose by 39.11% to Rs. 21,658 crore from Rs. 15,569 crore.

  • Samsung’s Profit Forecast Misses Expectations

    Samsung’s Profit Forecast Misses Expectations

    South Korean tech giant, Samsung has announced expected operating profits for Q4 2015. The company foretold an operating profit of 6.1 trillion Korean won (around $5.08 billion), which is up 15% compared to the 5.3 trillion won figure the company reported in Q4 2014.samsung-CES-main-photoAnalysts had expected the figure to be closer to 6.6tn won, fueling growth concerns. This comes after Samsung products got hit by weak demand in China and currency woes. Operating profits also fell 7.5% from the previous quarter. Sales of the world’s biggest maker of memory chips, smartphones, and other consumer devices also missed forecasts at 53tn won for the period.

    These figures, point towards what could be a tough year for not just Samsung, but the tech industry itself.

    Samsung is facing strong competition from Apple at the premium end of the market, while cheaper Chinese rivals are eating into the mid to low level range for mobile devices. As such, this next year could well be crucial for Samsung if it wants to protect its supremacy in the market.

  • Apple CEO Speaks Up About iPad’s Disappointing Sales Figures

    Apple CEO Speaks Up About iPad’s Disappointing Sales Figures

    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 drove our best March quarter results ever. We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.

    Apple set a record in China by surpassing the overall sales of US. For the first time in the history of iPhone, China contributed $160 million with the iPhone sale, whereas it remained $120 million in its home market Europe. The increase of 71% put Apple’s revenue in the Asian country to $16.8 billion, a major chunk mostly attributed to festivities around the Chinese New Year.

    apple earning

    However as iPhones, Macs, and the App Store has gained numbers, iPad are continuously fading in the background every passing year. Once again, the iPad sale shrunk this year and closed at 12.6 million. The newest iPads to hit the market this year were the iPad Air 2 and iPad Mini 3.

    For the lackluster sales of iPad, Tim Cook says –

    We have never worried about that, it is what it is, and at some point it will straighten out.

    Meanwhile, there are many estimates by analysts about the Apple Watch sales, but the company hasn’t come out with an official announcement. Seeing the present report, Apple is likely to take a leap from $46 billion to $48 billion in revenue in Q3 this year.

  • China Overtakes US in iPhone Sales, As Apple Earnings up 33%

    China Overtakes US in iPhone Sales, As Apple Earnings up 33%

    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 of the handset in China

    [/quote]

    End of March 2015 Apple’s cash totaled $193.5 billion, up from $178 billion at the end of December, that is more than the total of the next top 15 companies in the Standard & Poor’s 500 list.

    Apple has increased its dividend to 11%, In all, Apple pledged to return $200 billion to shareholders through buybacks and dividends by March 2017. Overall revenue rose to $58.01 billion in the second quarter ended March 28, from $45.65 billion a year earlier. That beat Wall Street’s expected revenue of $56 billion.

    Apple’s latest hardware product, the Apple Watch, started shipping Friday. So far, availability is limited for the new device with Apple’s website estimating that new orders won’t be delivered until June.

     

  • Google Posts $14.9 Billion USD Revenue in Q3

    Google Posts $14.9 Billion USD Revenue in Q3

    Google had yet another winning quarter in Q3, bringing home $14.9 billion USD in revenue and $2.97 billion in net income, or $8.75 per share. This represents a 12% revenue increase from this time last year, and a 6% uptick from the Q2 of this year.

    While Android is not specifically broken down in its earnings, as the company gives the software away for free and accrues advertising revenue from the use of its mobile services, mobile ad units continue to cost significantly less than their desktop counterparts, dragging down growth throughout the division.

    Google’s $12.5 billion Motorola acquisition is still not bearing fruit, as the handset company posted losses of $248 million on revenue of $1.18 billion. A year ago those losses were just $192 million on revenue of $1.78 billion.

    While the Moto X was not on sale for much of the quarter, which comprised the period between July 1st and September 30th, it was still available for just over a month. That being said, Google admits to spending a lot of money marketing the product, and Google’s Chief Financial Officer, Patrick Pichette, called the Motorola acquisition a “long-term bet” during today’s earnings call.

    According to Motorola CEO, Dennis Woodside, the Moto X is the first in a series of redesigned products. We’re expecting a low-cost Moto X variant to be announced in the coming months, but we wouldn’t be surprised to see the company come out with a revamped tablet line-up in the near future, too.

  • Google Posts Profits But Misses Revenue Expectations

    Google has released its Q2 2013 earnings today and, though they appear strong in absolutes, they missed analysts’ expectations by a fairly wide margin.

    The company posted $14.1 billion in revenue, up slightly from last quarter and an improvement of 20% from the previous quarter last year, but analysts were expecting  $14.4 billion. Net income was solid at $3.23 billion and $9.56 per share but, again, they were below expectations.

    Motorola maintained its reputation as an anchor weighing down the otherwise-profitable Google, as the hardware division posted a quarterly loss of $342 million on revenue of $998 million. Revenue was down from the previous quarter, while the net loss was up, placing even higher expectations on Moto X, which is expected to debut at the end of the month.

    Google’s average cost-per-click, which includes clicks related to ads served on Google sites and the sites of its network members, decreased about 6% in the quarter compared with a year ago. Analysts had predicted prices would drop about 3% in the period.

    “The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense,” CEO Larry Page in a press release.

    Google is expected to spend upwards of $500 million on advertising Moto X, which is rumoured to be customizable by colour, engraving and build material. The company is otherwise extremely healthy, with over $53 billion cash on hand.

    [Via]

  • AMD Exceeds Expectations But Posts Losses In Q2

    AMD Exceeds Expectations But Posts Losses In Q2

    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.

    The Sunnyvale, Calif.-based AMD, the No. 2 maker of PC microprocessors, has had a tough couple of years as it trailed Intel in competitiveness and saw a slowdown in demand as consumers began to favor tablets and smartphones over PCs. Since it wasn’t well positioned for that transition, the slowdown hit AMD harder than Intel

    Analysts expected a loss of 13 cents a share on revenue of $1.1 billion for the second quarter. AMD had a profit of 6 cents a share a year ago.

    A.M.D. processors are being used in Microsoft’s coming Xbox One and Sony’s next-generation PlayStation game consoles. These devices are largely behind A.M.D.’s upbeat revenue forecast.

    A.M.D. said its gross margin in the second quarter was 40 percent and would fall to about 36 percent in the third quarter. Analysts on average had expected a third-quarter gross margin of 39 percent. 

    [Via]

  • HTC COO Departs After Reporting Highest Revenue In 11 Months

    HTC COO Departs After Reporting Highest Revenue In 11 Months

    HTC reported that sales of their flagship HTC One hit ‘around 5 million.’ This is certainly great news for CEO Peter Chou as he previously declared that he would resign if the One was not a success. For now the all-aluminum Android is pressing forward. Earlier today the company their strongest month of revenues in almost a year. Unaudited revenues ending May 31st hit $967 million, but still down 3.3%.

    That’s the good news. Unfortunately another exec has departed the company. Bloomberg is reporting that Matthew Costello, Chief Operating Officer, has decided to part ways after a 3-year stint. No other details were given, but “Costello will stay on as an executive adviser after moving to Europe.” His role will be absorbed by Fred Liu, currently president of engineering and operations, and will now oversee “operations, quality, sales operations and services.”

    This marks the seventh HTC executive to fly the coop since the beginning of the year. According to The Verge, the May departure of Asia CEO Lennard Hoornik and Kouji Kodera, chief product officer, were the latest in a slew of employee losses, including Jason Gordon, vice president of global communications; Rebecca Rowland, global retail marketing manager; John Starkweather, director of digital marketing, and Eric Lin, product strategy manager.

    In an interview last week with AllThingsD, Jason Mackenzie, HTC’s president of global sales, sought to put the departures into context and suggested that the media was blowing them out of proportion.

    “HTC has been around for 15 years now, so it’s still a relatively young company, and still a company where it feels like a family. It feels like a mom and pop organization because many of the founders are all still there. And so it’s tough when we lose one employee; we’re like that,” he said. “But the news around this ‘mass exodus’ has really been overblown. We’re a big company today and we’ve lost a few people. Some were planned and some were not. But it’s not masses of people.”

    Another interesting point in the report notes that HTC will be forming a new quality assurance division that will “handle product lifecycle matters” and “product reliability.” This division will be run by Georges Boulloy and will most likely hone in on improving device launch time.

    [Mobile Syrup, The Verge]

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