Tag Archives: Revenue

Covid-19 may cut media, entertainment sector FY21 revenue by 16%: CRISIL

New Delhi: The economic slowdown, exacerbated by the covid-19 pandemic, is set to cull the Indian media and entertainment industry’s revenue by 16% to ₹1.3 trillion this fiscal, according to domestic rating agency CRISIL. Advertisement revenue, which accounts for 45% of the pie, will see a sharper cut of 18%, while subscription revenue, accounting for 55%, will be relatively resilient ... Read More »

Fortnite Micro-Transaction Revenue Hits $1 Billion: Report

HIGHLIGHTS Fortnite has an Android version in the works Fortnite has surpassed PUBG on revenue It’s currently on PS4, Xbox One, Nintendo Switch, iOS, and PC Battle royale shooter Fortnite is on PS4, Xbox One, Nintendo Switch, iOS, and PC with a Fortnite Android version in the works as well. And it seems that Epic Games’ efforts with the title have seen ... Read More »

Fortnite iOS Launch Revenue Exceeds $1.5 Million in First 4 Days

In a little less than a week, third-person battle royale shooter Fortnite has skyrocketed to the top of the charts on the App Store in more than 40 countries. This is no mean feat considering that the game is invite only at the moment. What’s more is, it’s managed to earn over $1.5 million (around Rs. 9.7 crore) worldwide in its first four days. In ... Read More »

Content Is To Marketing As ROI Is To Revenue

We are in a time where brands must act as media companies to manage perception, build loyalty, engage users and proactively affect revenue. And with the information overload epidemic growing, it can be hard to stand out from the crowd no matter how great or innovative your product may be. Content and marketing are one and the same, thus every potential ... Read More »

Apple Reports Record $78.4 Billion in Revenue; iPhone Sales at an All-Time High of 78.3 Million Units

Apple on Tuesday reported a rebound in iPhone sales to lift the tech giant to record revenue in the past quarter in quarterly results that eased concerns of slowing growth. The results showed strong demand for Apple’s iPhone 7 models launched last year, with demand outpacing supply. Revenue climbed to an all-time record $78.4 billion (roughly Rs. 5,30,498 crores) compared ... Read More »

Qualcomm Misses Revenue Estimates, Defends Licensing Model

Qualcomm Inc reported a lower-than-expected 3.9 percent rise in quarterly revenue on Wednesday, and defended its licensing model in the face of multiple legal challenges over its alleged “anticompetitive” tactics. The company’s shares were down 3.8 percent at $54.75 in aftermarket trading. The US Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to “anticompetitive” tactics ... Read More »

Xiaomi India Claims Revenue Topped $1 Billion in 2016

Xiaomi, which entered the Indian market less than two years ago, says its revenue in India in 2016 has crossed $1 billion (roughly Rs. 6.800 crores). Based in China, Xiaomi forayed into India with the Xiaomi Mi 3 smartphone in July 2014, and has since expanded its portfolio to include speakers, earphones, power banks, air purifiers, fitness bands, VR headsets, ... Read More »

BlackBerry Posts Another Quarterly Loss as Revenue Slides

BlackBerry posted another loss and a 47.3 percent fall in third-quarter revenue on Tuesday as the software growth it is relying on failed to make up for shrinking handset sales and lost service fees. The Waterloo, Ontario-based company said it had a net loss of $117 million (roughly Rs 796 crores), or 22 cents a share, on revenue of $289 ... Read More »

Qualcomm Reports Better-Than-Expected Quarterly Revenue

Smartphone chipmaker Qualcomm Inc, which agreed to buy NXP Semiconductors NV for about $38 billion last week, reported a better-than-expected 13.3 percent rise in quarterly revenue, helped by strong demand, particularly in China. The company’s shares were marginally higher in after-hours trading on Wednesday. The San Diego-based company, which supplies chips to Android smartphone makers and Apple, reported mobile chip ... Read More »

Apple Sees Drop in Profit, Revenue as iPhone Sales Slump

Apple’s quarterly profit slumped on a widely expected drop in iPhone sales, but gains in services offered some optimism on the company’s efforts to curb dependence on its smartphone. The company said Tuesday that profit fell 19 percent to $9 billion (roughly Rs. 60,134 crores) in the fiscal quarter ending September 24. Revenue fell nine percent to $46.9 billion (roughly Rs. ... Read More »