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 [...]
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.Analysts 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 [...]
This is the day we had hoped would never come – after cluttering our newsfeed on Facebook with “suggested posts”, it’s now Instagram’s turn to push sponsored pictures.
The first ad which appeared is by Instagram itself, announcing that within the next few weeks we’re going to see multiple unwanted posts on our homepage. These ads will come with a sponsored label and you can tap it and hide the ad if it doesn’t interest you. According to the company, even if you opt out of seeing a certain type of ads, you will still see ads based on your activity on Instagram
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 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 [...]
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 [...]
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 [...]
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.
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, [...]