Tag Archives: Revenue

Tesla’s service and used car revenue is growing, but can’t make up for a plunge in US vehicle sales

While Tesla’s overall sales dropped 39% in the U.S. during the third quarter, the company is seeing robust growth on “services and other” revenue, which includes sales of used cars. Revenue in that category jumped 68% to $548 million from $326 a year earlier, according to Tesla’s latest financial filing. Over the first nine months of 2019, it grew 91% to $1.65 ... Read More »

Future Retail sees immediate revenue benefits from HyperCity

Future Retail plans to increase the contribution of fashion and private labels and cut costs as a percentage of sales once it fully takes over the premium retail stores of HyperCity, the company told investors when it announced its quarterly earnings. Retail czar Kishore Biyani announced in October that he was buying out HyperCity, a 19-store network of high-end grocery ... 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 »

HTC’s Consolidated Revenue for September Sees Year-on-Year Jump; Likely Boosted by Pixel Smartphones

HTC posted its earnings for September on Thursday following the official announcement of Google Pixel smartphones that were assembled by the company. The Taiwanese company reported a 31.3 percent year-on-year rise, and a 42 percent rise in comparison to August, in its consolidated monthly revenue during September to TWD 9.33 billion (roughly Rs. 2,000 crores). Even though there was no ... Read More »

Apple Global Revenue Down but iPhone Sales in India Grow 51 Percent

Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts’ targets, soothing fears that demand for the company’s most important product had hit a wall. Its shares rose 7 percent in after-hours trading. The world’s most valuable publicly traded company said it sold 40.4 million ... Read More »