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 [...]

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.

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 [...]