Tag Archives: revenue

Apple India Revenue Doubles Year-Over-Year, Tim Cook Says Still ‘A Long Way to Go’

Apple reported strong quarterly results ahead of the iPhone X launch on Friday, with iPhone sales at 46.7 million unit, up from 45.5 million in the year-ago quarter. The company posted quarterly revenue of $52.6 billion (roughly Rs. 3,39,595 crores), an increase of 12 percent year-over-year (YoY), with international sales accounting for 62 percent of the revenue. India revenue doubled year-over-year,… Read More »

11 states may see Rs 9,500 cr revenue loss this year under GST

Even though as a whole states’ revenue may clip past at a CAGR of 16.6 per cent in FY18 over FY16 under the GST, 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year, says a report. “All states combined will grow at a CAGR of 16.6 per cent in FY18 over… Read More »

Xiaomi Mi Home Rakes in Rs. 5 Crores Sales Revenue in First 12 Hours

HIGHLIGHTS Xiaomi opened its Mi Home offline store in Bengaluru on May 20 The company says it had a sales revenue of Rs. 5 crores The company also plans to open 100 more store in India in next 2 years Chinese tech company Xiaomi has a lot of hopes pinned on its own foray into the offline market… Read More »

EU clears German plan for electric vehicle charging network

The European Commission said on Monday it had approved German plans for an infrastructure network for charging electric vehicles across the country. The plan, at a total cost of 300 million euros (255 million pounds) over four years, will require that the electricity comes from renewable energy sources, with contracts awarded through an open tender process. “Electric vehicles… Read More »

Prada 2016 revenue down 10 percent as Asia, Japan lead global decline

Italian fashion group Prada (1913.HK) reported a 10 percent drop in revenues on Monday as sales fell across all regions, including Japan and its top market Asia Pacific. Consolidated revenues in the financial year through January 2017 fell to 3.18 billion euros (3 billion pounds), down from 3.55 billion euros a year before. At constant exchange rates sales… 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… Read More »

Infosys trims revenue outlook as outsourcers brace for tighter US regime

Infosys Ltd, India’s second-biggest software services exporter, pared its full-year revenue growth outlook as it fights uncertainties in its biggest markets that could curb client spending on technology. Infosys and its rivals in India’s $150 billion software services sector have struggled in recent quarters as major clients in the United States and Europe, their biggest markets, held back… Read More »