Tag Archives: Hit

Tokyo Motor Show 2019: Concept Cars Set to Hit the Floor

With the Tokyo Motor Show less than a fortnight away, here are the concept cars slated to hit the show floor. Over the years, the annual Tokyo Motor Show has become one of the most popular events across the world to show off automotive concept models. Thanks to teasers and official manufacturer announcements, these are the concept models that we ... Read More »

Used-cars market shines bright as sales hit 4 million mark in FY19

As automakers continue to report plummeting April sales numbers, the factors triggering a slowdown in the new-cars market don’t seem to be weighing on the used-cars market. Used-cars sales crossed the 4 million unit mark in FY19, with it being 1.2x the size of the new car market. It is also poised to reach between 6.7 to 7.2 million cars ... Read More »

Fitch: European Diesel Restrictions Could Hit Used Car Prices

(The following statement was released by the rating agency) LONDON, April 26 (Fitch) The prospect of greater restrictions on diesel-engine cars in Europe has not affected used car prices so far, but this could change if the restrictions caused a rapid and large shift of demand away from diesel cars, Fitch Ratings says. Implications for auto loan and lease ABS ... Read More »

Apple Hit by Class Action Lawsuit Alleging It Forced Users to Move to iOS 7

In a new development, Apple has been slapped with a class action lawsuit in California for indulging in unethical practices to force people to shift to iOS 7. The company has been accused of breaking FaceTime on iOS 6 intentionally, to forcibly get users to move to iOS 7. This move is claimed to have many iPhone 4 and iPhone ... Read More »

Qualcomm Hit With Antitrust Lawsuit by US FTC

The US Federal Trade Commission filed a lawsuit against Qualcomm Inc on Tuesday, accusing the company of using “anticompetitive” tactics to maintain its monopoly on a key semiconductor used in mobile phones. The FTC, which works with the Justice Department to enforce antitrust law, said that San Diego-based Qualcomm used its dominant position as a supplier of certain phone chips ... Read More »

Xiaomi Says Shrinking Smartphone Sales Won’t Hit the Company

Sharp drops in smartphone sales for China’s Xiaomi Inc will not have a major impact on the company as profit growth will be driven by sales from smart home devices as well as revenue from its software eco-system, a senior executive said. Xiaomi was valued at $46 billion (roughly Rs. 3,14,938 crores) in its last fund-raising in 2014 – making ... 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 »

High Imported Coal Price May Hit Power Sector: Report

New Delhi: The rise in imported coal prices is likely to have a negative impact on the power sector value chain as higher rates create “volume and profitability pressures” on discoms that are not able to pass on fuel cost increase to end-consumers due to “political intervention”. “The 60 per cent rise in imported coal prices between April-October 2016 is ... Read More »

iPhone 7 Plus Demand May Hit Apple’s Profits This Holiday Season

Apple Inc said it was caught off guard by how many people want to buy its biggest smartphone, the iPhone 7 Plus, and the miscalculation may hit profits this holiday season. The technology leader is not sure it can make as many units of the iPhone 7 Plus as consumers want in time for the Christmas shopping rush, Apple’s Chief ... Read More »

Apple Pay Japan Debut Hit by Problems as Rail Commuters Struggle

Apple Inc.’s entry into Japanese digital payments is off to a rough start as system trouble prevents commuters from charging their passes. East Japan Railway Co. said users are experiencing difficulties connecting to the Mobile Suica contactless payment system, after the rail operator servicing Tokyo metropolitan area began accepting Apple Pay on Tuesday. The trouble started shortly after 9am in Tokyo, ... Read More »