In a big surprise for Xiaomi due to lack of demand for smartphones, revenue fell by more than 18 percent

Chinese consumer electronics company Xiaomi’s revenue fell 18.9 percent in the first quarter. Weak demand for smartphones has had a major impact on the company’s earnings. The company’s sales in the first quarter stood at CNY 59.5 billion (about Rs 4,91,900 crore). This is up from CNY 73.35 billion (about Rs 6,06,400 crore) in the … Read more

Samsung Galaxy Z Fold 5, Galaxy Z Flip 5 will be launched soon

South Korean consumer electronics company Samsung Galaxy Z Fold 5 and Galaxy Z Flip 5 foldable smartphones could be launched in July. In a recent report, it is said that the company is under pressure to increase its profits in the third quarter and because of this there are plans to launch the smartphone a … Read more

Apple supplier Foxconn to set up factory in Telangana, 25,000 jobs to be created

Foxconn, the supplier of Apple company Apple, the maker of the world popular iPhone, will set up a factory in Telangana with an investment of around $500 million. About 25,000 jobs will be created in the first phase of this project. Foxconn, the world’s largest contract electronics manufacturer, assembles about 70 percent of all iPhone … Read more

Despite slowing iPhone sales, Apple’s performance in India is supporting Apple

The quarterly results of Apple, the American company that makes the iPhone popular all over the world, were better than expected. The company has been supported by growth in iPhone sales and strong performance in India as well as several other markets. Company executives said gross profit margins will improve in the current quarter. Apple’s … Read more

Apple may be surprised by the weakness of consumer demand, there is a possibility of a decline in revenue

Apple’s quarterly revenue, the American company that makes the iPhone popular all over the world, could decrease by more than four percent. The company’s revenue is expected to decline for the second quarter in a row as consumers cut back on non-essential purchases such as iPhones and Mac computers and slow growth in its services … Read more

Big blow to Samsung, 95 percent reduction in profit

There has been a big drop in profits from South Korean smartphone and electronics company Samsung. The company said declining sales due to reduced consumer spending and high supply of microchips were the main reasons. It is one of the largest manufacturers of smartphones and memory chips in the world. Samsung’s operating profit declined to … Read more