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 »
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 »
Profit estimates are often crucial indicators for any industry as they reveal the direction where the companies are heading. If the latest estimates by analyst Tim Long from BMO Capital Markets, about smartphone industry are anything to go by, Apple seems to be the only shining spot in an otherwise ailing industry. As per the estimates by Long, reported ... Read More »
Smartphone shipments in India grew 23 percent annually in the third quarter of 2016 as compared to the global smartphone market which grew at five percent, market research firm Counterpoint Research said on Thursday. The feature phone shipments grew two percent year-on-year and 23 percent quarter-on-quarter as feature phone to smartphone transition slowed down in recent quarters. Further, eight out ... Read More »
According to a market research firm, the Indian smartphone market in Q3 2016 experienced a 20 percent year-on-year growth in terms of shipments, growing to 30 million units. Samsung grew along with the market, and retained a lead of just over 20 percent. Other manufacturers like Micromax, Intex, and Lava have seen a slump in their shipments in the country ... Read More »
South Korea’s Samsung Electronics Co expects third-quarter profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant. The world’s biggest smartphone maker said in a brief filing on Friday its operating profit for July-September was likely KRW 7.8 trillion ($7 billion), ... Read More »
Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker and an Apple Inc supplier, said it expects a third-quarter pick-up as customers stock up on chips for new launches in time for the year-end holiday season. Revenue for July-September is expected to reach between TWD 254 billion ($7.93 billion) and TWD 257 billion, up from the second quarter’s TWD 221.81 ... Read More »
New Delhi: IL&FS Engineering and Construction company on Saturday reported a net loss of Rs 78.57 crore for the quarter ended December 31, on account of dip in income. The company had clocked a net profit of Rs 76.52 crore for the October-December period last fiscal. Total income from operations during the quarter under review declined to Rs 437.42 crore ... Read More »
New Delhi: Diagnostic services provider Dr Lal PathLabs on Saturday reported over two-fold jump in consolidated net profit at Rs 60.82 crore for the third quarter ended December 31, 2015. The company had posted a net profit after taxes and minority interest of Rs 22.66 crore for the corresponding period of the previous fiscal, Dr Lal PathLabs said in a ... Read More »
New Delhi: Ramky Infrastructure’s net loss has narrowed down substantially to Rs 12.35 crore in the quarter ended December 31, 2015, due to a high income and a low finance cost. The company had posted a net loss of Rs 133.09 crore for the corresponding period year ago. Its total income rose to Rs 349.49 crore in third quarter from Rs 304.56 crore in the ... Read More »
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