Tag Archives: Million

Foxconn Manager Indicted for Stealing, Selling Thousands of iPhones for Nearly $1.56 Million

A former senior manager at Taiwan’s technology giant Foxconn has been indicted for stealing and selling 5,700 iPhones in China to pocket around $1.56 million (roughly Rs. 10.6 crores), Taiwanese prosecutors said Friday. Foxconn is the world’s largest contract electronics maker and assembles products for international brands such as Apple and Sony. It employs about one million workers at its ... Read More »

Google on Track to Sell 3 Million Pixel Smartphones This Year; 5-6 Million Next Year: Morgan Stanley

With the demise of Galaxy Note 7, many believed that Google’s Pixel smartphones will fill the gap left by it. It certainly does appear to be turning out true in Google’s favour. Morgan Stanley has predicted that Google will sell 3 million Pixel smartphones by end of 2016 and this will generate $2 billion in revenue. It further estimates that ... Read More »

Xiaomi India Says Over 2 Million Smartphones Sold in Q3 2016

Xiaomi has claimed that it has sold over 2 million smartphones in India in the third-quarter of 2016. The Chinese company revealed the news via a tweet. Xiaomi also claimed that it achieved over 150 percent year-on-year growth from Q3 2015 to Q3 2016. The figures claimed by Xiaomi are impressive considering that the third-quarter is yet to get over. ... Read More »

LeEco Secures $600 Million in New Funding for Its Global, Electric Car Businesses

Chinese handset maker LeEco Tuesday said it has secured a $600 million funding from major Chinese institutional investors and has appointed Anthony Gao its president for Asia-Pacific region. “LeEco has secured $600 million (roughly Rs. 4,067 crores) of funding from major Chinese institutional investors today. The first half of the funding will be transferred to LeEco within this November and ... Read More »

Smartphone Shipments in India Cross 30 Million Units in Q3 2016: IDC

For the first time, the smartphone market in India crossed the 30 million unit shipments milestone in the third quarter of this year, the International Data Corp (IDC) reported on Tuesday. According to IDC’s Quarterly Mobile Phone Tracker, smartphone shipments clocked 32.3 million units in Q3 2016 with 17.5 percentage growth over the previous quarter, maintaining its traction with 11 ... Read More »

Xiaomi Redmi 4A Was a Hit on Singles’ Day, 1 Million Units Sold in 24 Hours

  China’s Singles’ Day sale kicked off on Friday with Alibaba selling over $5 billion (roughly Rs. 33,515 crores) in transactions in the first hour which was more than in the first hour of last year’s spree. Xiaomi also shared some impressive numbers for its sales performance during the Singles’ Day sale. Hugo Barra, Vice President, Xiaomi Global in a ... Read More »

Huawei P9 Worldwide Sales Have Topped 9 Million, Claims Company

  Chinese handset maker Huawei has claimed that it has sold over 9 million Huawei P9 units globally since the smartphone’s launch in April. The company made the announcement at an event on Thursday. Notably, the company back in September had claimed that it sold 6 million P9 smartphones, which means the company has sold an additional 3 million units ... Read More »

Samsung Galaxy Note 7 Still Being Used by Over a Million People Worldwide: Report

Samsung’s reputation may have taken a huge hit in doing so, but the company announced the worldwide recall and halt of sales of the Galaxy Note 7 due to explosion cases associated with the smartphone. The South Korean company even urged its customers around the world to switch off the device and hand it back to the company for a ... Read More »

Xiaomi India Claims It Sold Half a Million Smartphones in 3 Days

The October festive sales in the country have proven to be phenomenally successful for Xiaomi. The company’s Indian arm has reported that it has sold more than 500,000 smartphones in less than three days between October 1 and 3, which it claims is an industry first and milestone for the Chinese smartphone maker. The company sold Xiaomi and Redmi devices ... Read More »

Foxconn’s Sharp to Spend $570 Million on Oled Panel Production

Japan’s Sharp Corp said it will spend $570 million (roughly Rs. 3,792 crores) on its organic light-emitting diode (Oled) screen business – one of its first major investments since it was taken over by Taiwan’s Foxconn although the amount pales in comparison to efforts by South Korean rivals. Manufacturers of consumer and other electronics are gradually shifting towards Oled screens which are ... Read More »